Tuesday 29 May 2012

STOCKS NEWS MIDEAST-Saudi dips as traders cash in early-day gains - Yahoo! News Maktoob

Saudi Arabia's bourse ends lowers after giving back early-session gains, which shows many investors are averse
to longer-term trading amid a volatile global backdrop.
The index ends 0.3 percent lower at 7,033 points, taking its May losses to 7 percent.
"Issues in Europe and seasonal effects of the summer and then Ramadan will slow down the market," says Faisal Al-Othman, portfolio manager at Riyadh-based Arab National Bank.

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