Sunday 14 October 2012

STOCKS NEWS MIDEAST-Saudi hits fresh 11-wk low, poor results weigh - Yahoo! News Maktoob

Saudi Arabia's market slumps to a fresh 11-week low as disappointment over third-quarter results published so
far mixes with negative global sentiment.
The index slips 0.3 percent to 6,662 points, its lowest level since July 23. This follows the 1.7 percent decline
in the previous session.
"It's a combination. Clearly, the concerns over global growth prospects are weighing on the market," says
Julian Bruce, EFG-Hermes' director of institutional equity sales.

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