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Tuesday, 15 November 2016

MIDEAST STOCKS-Saudi stocks tumble on profit-taking, especially in banks | Reuters

MIDEAST STOCKS-Saudi stocks tumble on profit-taking, especially in banks | Reuters:
"Saudi stocks fell sharply in late trade on Tuesday on what fund managers described as heavy profit-taking, particularly in banks.

The main market index, which had jumped 22 percent between mid-October and Sunday, dropped as much as 4.3 percent in the afternoon before partially recovering to stand 2.6 percent lower.

Among major losers, Banque Saudi Fransi sagged 4.9 percent. Petrochemicals held up relatively well."

'via Blog this'