MIDEAST STOCKS-Saudi shares more stable in early trade, rest of Gulf mixed:
"Saudi Arabia’s stock market was relatively stable in early trade on Sunday after swinging widely last week in response to the government’s anti-corruption investigation. Other Gulf markets were mixed.
The Saudi index was down only 0.5 percent after an hour. Last week, it dropped steeply in early trade each day before rebounding towards the close as state-linked funds bought stocks to support the market.
On Sunday morning, the number of rising stocks marginally outnumbered decliners. Stocks related to people detained in the investigation partly recovered: Al Tayyar Travel added 1.5 percent and Kingdom Holding crept up 0.4 percent."
'via Blog this'
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