UPDATE 2-MIDEAST STOCKS-Saudi consolidates below chart barrier, Egypt continues rebound

April 23, 2015 8:29 AM

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DUBAI, April 23 (Reuters) - Saudi Arabia's stock market consolidated below technical resistance early on Thursday while Egypt continued a rebound after a bout of heavy profit-taking.

The Saudi index was 0.1 percent lower at 9,561 points. Earlier this week it failed to break cleanly above resistance in the 9,572-9,745 point area, where the 200-day average roughly coincides with the March peak.

Also read: How major US stock indexes fared on Thursday

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