Saudi Arabian investors gave a tentative vote of confidence in the outcome of the European summit yesterday, but some analysts warned there were still obstacles to overcome before the crisis in the euro zone could be declared over.
The Tadawul All-Share Index in Riyadh, the only market open in the Middle East yesterday, rose 0.81 per cent to 6,302.84, its highest level since early August.
The rise followed the positive movements on European and US markets after the announcement in Brussels on Friday of a new strategy to tackle Europe's sovereign and banking debt crises.
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