Wednesday 7 November 2012

STOCKS NEWS MIDEAST-Saudi gains for the week; banks rally - Yahoo! News Maktoob

Banks lift Saudi Arabia's measure to a six-week closing high, helping the market end positively on the week amid
post-Eid investor optimism.
Most of the banking stocks close higher after shareholders in Mohammed al-Mojil Group (MMG) rejected the
construction company's liquidation.
Local banks are exposed to about 1.1 billion riyals of the group's debt.

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