Sunday 2 September 2012

STOCKS NEWS MIDEAST-Saudi down for 2nd session from 16-wk high - Yahoo! News Maktoob

Saudi Arabia's bourse finishes lower for a second session since Wednesday's 16-week high as investors cut
positions in large-caps after the U.S. Federal Reserve put off further monetary easing.
The index loses 0.6 percent to end at 7,091 points, trimming year-to-date gains 10.5 percent.
Bellwether Saudi Basic Industries Corp (SABIC) drops 1.4 percent, Al Rajhi Bank dips 0.7 percent and
Samba Financial Group falls 1.5 percent.

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