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MARKET TALK: Saudi Market Ends +0.6%; Property Stocks Top Risers - Zawya Dow Jones News

Monday, Jul 02, 2012

1238 GMT [Zawya Dow Jones]--Saudi's Tadawul market ends +0.6% at 6742.04; banks support the gains, while real estate stocks are among the top risers. Dar Al Arkan +9.6% at SAR10.25. Investors are now positioning themselves with an eye on the second-quarter earnings, one trader says; notes activity in speculative, low-value stocks tends to increase during this period. Also, positive leads from global markets supports local sentiment.

(nikhil.lohade@dowjones.com; Twitter: @ZDJnews)

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

02-07-12 1250GMT

 
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