Sunday 30 September 2012

STOCKS NEWS MIDEAST-Kuwait slips from 15-wk high; Saudi rebounds - Yahoo! News Maktoob

Kuwait's index falls from Thursday's 15-week high as investors book gains, while other Gulf markets trade
flat-to-lower as euro zone woes dampen risk appetite.
Kuwait's index is 0.3 percent lower at 5,976 points, halting a rally driven by talk that government funds were buying in the market.
Telecom operator Zain falls 1.3 percent. Its Saudi affiliate Zain Saudi on Saturday said it had extended, for a second time, the maturity date of a 9.75 billion riyal ($2.6 billion) loan.
Zain Saudi's shares fall 2.8 percent, taking their losses to 9.1 percent since the announcement.

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