UPDATE 3-MIDEAST STOCKS-Saudi bourse pulls back on profit-taking; turnover rises | News by Country | Reuters:
"Saudi Arabia's main stock index pulled back because of profit-taking on Monday after earlier in the day breaking through the psychologically important level of 11,000 points for the first time since January 2008.
The main Saudi index was nearly flat in the early afternoon after rising 1.4 percent to 11,051 points and then dipping as much as 0.4 percent. The benchmark had gained in the six previous sessions.
"It's normal profit-taking," said Maged Ali Hasan, head of brokerage EFG Hermes in Riyadh."
'via Blog this'
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