Wednesday 24 October 2018

MIDEAST STOCKS-Saudi's fall cushioned by results, Qatar drops on profit taking | Reuters

MIDEAST STOCKS-Saudi's fall cushioned by results, Qatar drops on profit taking | Reuters:

Saudi Arabia’s stock market slipped modestly in quiet trade on Wednesday, despite volatility from selling by foreign and retail investors after the killing of Saudi journalist Jamal Khashoggi.

President Donald Trump said on Tuesday Saudi authorities staged the “worst cover-up ever” in the killing of Khashoggi, as the United States vowed to revoke the visas of some of those believed to be responsible.

The Saudi index lost 0.5 percent, but many stocks outperformed the index on the back of their corporate earnings.

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