Wednesday, 5 September 2012

STOCKS NEWS MIDEAST-Saudi recovers early-session dip; Kingdom Holding surges - Yahoo! News Maktoob

Saudi Arabia's bourse recovers early-session declines but ends lower for the week as investors are cautious
before Thursday's European Central Bank (ECB) policy meeting.
The index eases 0.01 percent to end at 7,050 points, recovering from an intra-day low of 7,027 points. The market declines for the fifth straight session, taking the week's losses to 1.3 percent.
Analysts predicted slight profit-taking if monetary stimulus in the United States was not announced. Federal Reserve Chairman Ben Bernanke put off monetary easing on Friday, but kept the door open if economic indicators worsen.

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