Wednesday, May 16, 2012
1236 GMT [Zawya Dow Jones]--Saudi's Tadawul market ends -0.1% at 7099.90; pares intraday losses on some bargain buying, but volumes relatively light. The benchmark index has lost some 10% since early April, tracking global market declines, which have been unnerved by weaker economic data and euro zone woes. Local sentiment has also been weighed by a sharp recent fall in oil prices. Trader says there are value-buying opportunities in the market, though "it's tough to make a call at this point because no one wants to catch a falling knife". Nymex June crude futures last down $1.14 at $92.84/bbl. (nikhil.lohade@dowjones.com)
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(END) Dow Jones Newswires
16-05-12 1242GMT
