MIDEAST STOCKS-Progress towards settling corruption cases boosts Saudi:
"Signs of progress towards settling cases in Saudi Arabia’s crackdown on corruption boosted its stock market on Sunday, while Qatar’s bourse rose for a seventh straight day as investors bought ahead of annual dividend announcements.
The Saudi index far outperformed the rest of the region as it rose 1.4 percent to 7,440 points in active trade, rising above last September’s peak of 7,429 points.
Dozens of Saudi princes, officials and top businessmen - including owners of major stakes in some firms - were detained as part of the crackdown in early November. The market’s initial panic has faded, but investors are still concerned about the fate of some of the companies involved.
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'via Blog this'
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