Sunday 29 April 2012

STOCKS NEWS MIDEAST-Saudi bluechips dip as index gives back gains - Yahoo! News UK

Most sectors end lower on Saudi Arabia's bourse, with investors booking profits from Saturday's gains as they
await new catalysts to lift the market.
The kingdom's index ends 0.7 percent lower at 7,556 points, giving back most of Saturday's 0.9 percent rise. It has dropped 4.7 percent from April 3's three-and-a-half year high, consolidating after an early-year surge.
The market trades 9.2 billion riyals ($2.45 billion) of shares, with bourse turnover declining since early April's index peak.

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