Monday 22 October 2012

MIDEAST STOCKS-Kuwait steadies after plunge on politics; Gulf mixed - Yahoo! News Maktoob

Gulf stock markets were mixed on Monday but trading volumes shrank as investors cut risk with the approach of holidays, while Kuwait's bourse steadied after a plunge on Sunday because of political tensions.
Saudi Arabia's bourse fell 0.6 percent, finishing at a one-week low. Petrochemical and banking stocks were the main drags as investors reduced exposure to heavyweights.
Saudi Basic Industries Corp (SABIC) shed 0.6 percent, Al Rajhi Bank slipped 0.7 percent and Samba
Financial Group fell 1.4 percent.

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