Posted on 16/03/06
Princely gift for a battered bourse
The Saudi stock market breathed a sigh of relief yesterday as a multibillionaire prince vowed to pump equity into the battered bourse.But the temporary reprise in a market that has lost 30 per cent of its capitalization in the past two weeks may do little to stop the long-term slide, or fortify the shaky underpinnings of the Gulf region's red-hot stock exchanges.
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