Sunday 21 October 2018

MIDEAST STOCKS-Saudi stocks close up slightly after account of Khashoggi death | Reuters

MIDEAST STOCKS-Saudi stocks close up slightly after account of Khashoggi death | Reuters:

Saudi Arabia’s stock market survived an early sell-off to close in positive territory on Sunday after the kingdom said Saudi dissident Jamal Khashoggi died in a fight at its consulate in Istanbul.

The Saudi index closed up 0.2 percent after falling as much as 3.5 percent earlier in the session. Analysts said the market was likely supported by buying from state-linked Saudi funds.

U.S. and European government officials on Sunday continued to push Saudi Arabia for more answers about Jamal Khashoggi after Riyadh early on Saturday acknowledged that the journalist died more than two weeks ago at the consulate.

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