ANALYSIS: Saudi stocks trade at four-month high

August 2012
MEED: Middle East Economic Digest;8/31/2012, Vol. 56 Issue 35, p15
Trade Publication
The article focuses on stock prices in Saudi Arabia on August 29, 2012. It states that Saudi stocks were trading near a four-month high due to resilient oil prices. Talal Touqan, head of research at Al-Ramz Securities, commented on how the Eurozone debt crisis has forced a number of European banks to exit non-core markets to raise capital and downsize operations in the Middle East, presenting financial opportunities for regional banks.


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