MIDEAST STOCKS-Saudi stabilises after swings on Khashoggi case, Gulf firm | Reuters:
Saudi Arabia’s stock market stabilised on Wednesday after swinging widely in recent days on concern that international pressure over journalist Jamal Khashoggi’s disappearance could hurt foreign investment inflows.
The index traded in a very narrow range and ended 0.1 percent lower as trading volume almost halved, suggesting that a scramble by jittery local retail investors to exit the market had ended.
State-linked Saudi funds had appeared to buy blue chips to support the market on Tuesday, and this may temporarily at least have put a floor under stocks, fund managers in the region said.
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