MIDEAST STOCKS-Saudi bounces from technical support, region mostly sluggish:
"Most Middle Eastern stock markets were sluggish on Thursday but Saudi Arabia’s index rebounded from technical support in its heaviest trading volume since June. The Saudi index rose 0.9 percent to 7,086 points, bouncing from near strong support around 7,000 points, where the peaks in late October and November roughly coincide with the 200-day average, now at 7,015 points. The most heavily traded stock, real estate firm Dar Al Arkan , climbed 8.3 percent to 12.88 riyals in its heaviuest trade since June. It has rocketed from around 7.50 riyals in mid-November, when MSCI said it was adding the stock to its Saudi Arabia Index."
'via Blog this'
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