Monday 11 December 2017

MIDEAST STOCKS-Gulf narrowly mixed early on, Saudi's Dar Al Arkan continues ascent | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf narrowly mixed early on, Saudi's Dar Al Arkan continues ascent | ZAWYA MENA Edition:

"Gulf stock indexes were mixed in narrow ranges in early trade on Monday, but real estate firm Dar Al Arkan continued a spectacular rally in Saudi Arabia. The Saudi index edged down 0.04 percent in the opening half-hour as Dar Al Arkan, the most heavily traded stock, climbed 2.8 percent to 14.38 riyals. It has jumped from around 7.50 riyals in mid-November, when MSCI said it was adding the stock to its Saudi Arabia Index; retail investors have piled into the stock in recent days, attracted by its volatility. "



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