Monday 28 May 2012

MIDEAST STOCKS-Saudi snaps 3-day losing streak; other mkts mixed - Yahoo! News Maktoob

Saudi Arabia's bourse snapped a three-day losing streak on Monday as fears eased of a disorderly Greek exit from the euro bloc, while Egypt's market fell ahead of the release of official presidential election results.
The Saudi kingdom's index finished 1 percent higher at 7,056 points, tracking late-day gains in European shares.
Greek polls on Saturday suggested the pro-bailout conservatives could win elections on June 17, keeping the
country in the euro zone and making a swift collapse of the currency bloc less likely.

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