Arab bourses volatile.
Arab stock markets showed mixed performance this week as investors preferred a wait-and-see approach pending the release of the semi-annual results of listed firms, financial analysts said yesterday.
The Saudi stock market, the Arab world?s largest bourse, behaved differently from most other regional markets by climbing 5.7%. Analysts expected the second quarter balance sheets to provide a "clue" as to the direction of stock markets in the region in the coming weeks. "I believe the half-year profits will give investors a clue as to where they have to go in the coming weeks," an Amman-based portfolio manager said. "However, the huge surplus petrodollars due to accrue to the Gulf Co-operation Council member-states this year remain a potential
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