Saturday 7 January 2012

Tadawul seen testing resistance above 6,400 points - Arab News

Arab stock markets were volatile in the first week of 2012 as investors awaited the release of annual results to decide their future holdings, financial analysts said Friday.

They expected regional stocks to remain captive of the euro debt crisis, the Arab Spring revolts and the prospects of the world recovery.

"I believe investors are currently focusing on the fourth quarter results and annual earnings to decide the composition of their holdings for the coming weeks," an Amman-based portfolio manager told Arab News.

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