MIDEAST STOCKS-Saudi edges up as Kingdom continues rebound, rest of Gulf sluggish:
"Saudi Arabia’s stock market rose in early trade on Monday as investment firm Kingdom Holding continued rebounding after its owner Prince Alwaleed bin Talal was released from custody, while other Gulf markets were sluggish.
The Saudi index gained 0.5 percent in the first hour as Kingdom added 4.8 percent to 10.52 riyals in heavy volumes, rising above the 10.28 riyal level where it traded before Prince Alwaleed was detained in a corruption probe last November.
During Prince Alwaleed’s detention, the Saudi stock index rose over 8 percent. Nevertheless, Kingdom’s rebound was seen as a vote of confidence in the company. Saudi officials said the prince would keep control of Kingdom after his release."
'via Blog this'
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