MIDEAST STOCKS-Rich Saudis dump stocks, jitters spread through region:
"Wealthy Saudi Arabian individual investors dumped stocks on Tuesday as jitters over the kingdom’s anti-corruption probe spread through the Gulf, pushing down every major market. The Saudi stock index sank 0.7 percent in heavy trade, led by shares in companies linked to people detained in the investigation, which has implicated dozens of members of the political and business elite. The market, which was down 3.1 percent at one stage, would have finished much lower than it did without apparent buying by government-linked funds seeking to prevent a panic, fund managers said."
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