Tuesday 7 November 2017

MIDEAST STOCKS-Gulf slides on jitters over Saudi anti-corruption probe | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf slides on jitters over Saudi anti-corruption probe | ZAWYA MENA Edition:

"Most major Gulf stock markets dropped early on Tuesday because of continued jitters about Saudi Arabia's sweeping anti-corruption investigation, which could disrupt Saudi investment flows into the rest of the region.

The Saudi stock index was down 1.6 percent after 75 minutes of trade. Shares linked to people detained in the investigation led falls.

Among them, Prince Alwaleed bin Talal's Kingdom Holding plunged its 10 percent daily limit, bringing its losses in the three days since the investigation was announced to 21 percent. "



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