Tuesday 20 March 2012

MIDEAST STOCKS-Saudi drops on profit-taking; most Gulf bourses down - Yahoo! News UK

Saudi Arabia's bourse posted its largest one-day decline in three months on Tuesday as profit-taking on large-caps and speculative stocks drags the benchmark from Sunday's three-and-a-half-year peak and other Gulf bourses also decline.
The kingdom's benchmark fell 1.3 percent in its biggest one-day dip since December 13.
Heavyweights dropped, as Saudi Basic Industries Corp (SABIC) slipped 1.2 percent, Riyad Bank shed 3.8
percent and Samba Financial Group dipped 1 percent.


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