Wednesday 4 November 2015

MIDEAST STOCKS-Saudi rebounds from chart support, most of region weak | Reuters

MIDEAST STOCKS-Saudi rebounds from chart support, most of region weak | Reuters:

"Saudi Arabia's stock market
rebounded from near technical support on Wednesday but most
major Middle Eastern bourses were weak, weighed down by concern
about slowing economic growth.

The Saudi stock index, which has support at its
August low of 6,921 points, fell to 6,890 during the day but
rebounded to close 1.2 percent higher at 7,035 points.

Petrochemical blue chip Saudi Basic Industries
climbed 1.9 percent and Al-Rajhi Bank added 3 percent."



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