Sama no assistance to bourse

14th Nov 2006, 04:39 GMT

The Saudi Arabian Monetary Agency has said it won't change monetary policy to prop up the declining local stock market, Arab News reported. The agency's governor, Hamad Al Sayari, told Al Arabiya that liquidity in the bourse remains at 'reasonable levels'. M3 money supply grew 15.6% to $163.18bn over 12 months to August 2006, the report said. [AMEInfo.com]