MIDEAST STOCKS-Region mixed, Saudi's Kingdom continues rebound after Alwaleed release:
"Middle Eastern stock markets were mixed on Monday with Saudi Arabia’s index rising as global investment firm Kingdom Holding continued rebounding after its owner Prince Alwaleed bin Talal was released from custody.
The Saudi index gained 0.4 percent as Kingdom added 2.4 percent to 10.28 riyals - the level where it was trading before Prince Alwaleed was detained in a corruption probe that saw scores of businessmen detained last November.
Daily volume in the stock was the heaviest since February 2016. On Sunday, the first day after Prince Alwaleed’s release, it rocketed 10 percent."
'via Blog this'
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