MIDEAST STOCKS-Saudi continues slide after FTSE decision, Qatar climbs again:
"Saudi Arabia’s stock market closed down on Monday, falling for a third straight day after FTSE Russell decided last week to upgrade the bourse to emerging market status. The rest of the region was mixed but Qatar continued climbing. The Saudi index shed 0.2 percent in active trade, which analysts attributed to moderate profit-taking after a months-long surge preceding FTSE’s decision. The biggest contributor to the index’s drop was property developer Dar al-Arkan, down 5.4 percent. Saudi Telecom, which analysts at NCB Capital said was likely to be hurt this year by regulatory changes scrapping a ban on internet telephone calls, dropped 1.3 percent."
'via Blog this'
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