Tuesday 16 October 2018

UPDATE 1-MIDEAST STOCKS-Saudi shares fall on concern over Khashoggi case | Reuters

UPDATE 1-MIDEAST STOCKS-Saudi shares fall on concern over Khashoggi case | Reuters:

Saudi Arabia’s stock market fell early on Tuesday amid concern that international outrage over the disappearance of dissident journalist Jamal Khashoggi will hurt foreign investment.

After half an hour, the Saudi index was down 3.0 percent, partly reversing its 4.1 percent rebound on Monday. The market has been extremely volatile for several days because of the Khashoggi affair.

Some regional fund managers said stocks had rebounded on Monday because government-linked funds intervened to support the market, as they did late last year when a corruption inquiry unsettled investors.

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