Sunday 14 October 2012

MIDEAST STOCKS-Results, global cues weigh on Saudi; UAE drops - Yahoo! News Maktoob

Saudi Arabia's stock market declined for a second straight day on Sunday as disappointment over third-quarter corporate earnings weighed.
Having recorded its biggest one-day drop in over four months on Saturday, a slide of 1.8 percent, the Saudi bourse fell once more, by 0.3 percent, to a fresh 11-week low.
Concerns which sent global bourses lower at the end of last week, including expectations for weak corporate earnings in the United States and Spain's debt problems, are combining with weak results Saudi companies to hurt investor sentiment.

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