MIDEAST STOCKS-Saudi still under pressure, GFH volatile in Dubai | ZAWYA MENA Edition:
"Gulf stock markets were mixed early on Monday with Saudi Arabia under pressure from the kingdom's anti-corruption probe and Dubai -- where trade in GFH Financial was volatile -- flat overall.
The Saudi index was 0.5 percent lower after 20 minutes of trade. Repeatedly since the start of last week, selling by individual investors spooked by the investigation has pushed the market lower during much of the day before buying by state-linked funds, which are apparently mounting a market support operation, cut losses towards the close.
The most heavily traded stock, real estate developer Dar Al Arkan, gained a further 2.1 percent after surging in the previous two days following strong quarterly earnings. "
'via Blog this'
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