Saudi Arabia's index ends higher to recoup some of Saturday's heavy losses as bargain hunters step in.
The benchmark climbs 1 percent to 6,748 points, trimming its losses since a three-and-a-half year peak on April 3 to 14.9 percent. It remains up 5.1 percent in 2012 and recent declines have tempted in some buyers, with daily trading volumes hitting a three-week high.
Indebted telecoms operator Zain Saudi accounts for about a quarter of all shares changing hands, rising 2.2 percent to extend gains on expectations it will complete a long-awaited capital restructuring.
No comments:
Post a Comment