MIDEAST STOCKS-Saudi pulls back as Dar Al Arkan bubble bursts:
"Saudi Arabia’s stock market pulled back on Monday as a bubble in shares of real estate firm Dar Al Arkan burst, while equities in Qatar pulled further away from six-year lows. The Saudi index retreated 0.6 percent as Dar Al Arkan, which had gained as much as 3.4 percent in early trade, closed 9.9 percent lower at 12.60 riyals. It was by far the market’s most heavily traded stock. Dar Al Arkan had jumped from around 7.50 riyals in mid-November, when international index compiler MSCI said it was adding the stock to its Saudi Arabia Index. Retail investors piled into the stock in recent days, drawn by its volatility."
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