MIDEAST STOCKS-State funds support Saudi as crackdown drags down neighbours:
"Buying by government-linked funds supported Saudi Arabia’s stock market on Monday, asset managers said, but most other Gulf bourses fell as the Saudi crackdown on corruption sent shivers through the region.
After falling in early trade, Riyadh’s index rebounded in the closing minutes to finish 0.1 percent higher in active trade - repeating its pattern on Sunday, when it ended up 0.3 percent after an early tumble.
Several regional fund managers said they believed Saudi state-linked funds were deliberately supporting the market to prevent a panic after a new anti-corruption committee detained dozens of leading political and business figures."
'via Blog this'
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