Google+ Followers

Wednesday, 26 October 2016

MIDEAST STOCKS-Gulf pulls back, mild profit-taking in Saudi | Reuters

MIDEAST STOCKS-Gulf pulls back, mild profit-taking in Saudi | Reuters:

"Most stock markets in the Gulf fell in early trade on Wednesday, with Saudi Arabia edging down after five straight days of gains, following declines in global bourses and oil prices.

The Saudi index was down 0.3 percent after 30 minutes of trade, but selling was light, suggesting the market's rebound might soon resume.

The Saudi market has been recovering since last week's huge international bond sale by0 the government improved sentiment and encouraged buying-back of many beaten-down stocks that had suffered double digit declines this year."



'via Blog this'