MIDEAST STOCKS-Saudi trades in tiny range as fears over Khashoggi case abate | Reuters:
Saudi Arabia’s stock index traded very narrowly on Thursday as fears partially eased that the disappearance of Saudi journalist Jamal Khashoggi could damage the market by hurting foreign investment.
U.S. President Donald Trump said on Wednesday he did not want to walk away from Saudi Arabia and that the United States needed the kingdom’s cooperation — a sign that Riyadh might escape any serious U.S. sanctions if an investigation finds Khashoggi was killed by Saudi personnel.
Also, state-linked Saudi funds bought blue chips in a support operation when the market plunged earlier this week, convincing some investors that there is little further downside for now at least.
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