Sunday 18 March 2012

Saudi turnover at 5-yr high; property drags Egypt lower | Reuters

Turnover on Saudi Arabia's bourse hit a five-year peak on Sunday as money poured in with stocks hitting a new three-and-a-half year high, while real estate stocks weighed on Egypt's bourse after results disappointed.

The benchmark .TASI of the Saudi bourse, the largest market in the Arab world, climbed 0.2 percent to its highest close since September 14, 2008.

Shares worth 18 billion riyals ($4.8 billion) changed hands, the highest daily value since April 2007.

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