Monday, 27 February 2012

MIDEAST STOCKS-Saudi hits fresh 41-mth high; most markets halt rally | Reuters

Saudi Arabia's bourse extended its rally on Monday and trading value hit a new high amid a trend of investment shift to equities, while most regional markets fell in profit-taking.

The kingdom's index rose 0.9 percent to its highest close since September 2008.

Total traded value jumped to 12.2 billion riyals ($3.25 billion), a new high in the last four years as investors pour money into equities from other asset classes on growing confidence.

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