UPDATE 2-MIDEAST STOCKS-Saudi Arabia jumps before market opens to foreigners | Reuters:
"Saudi Arabia's bourse surged in early trade on Sunday after the regulator said it would open the bourse to direct foreign investment from June 15.
The main index rose 3.9 percent to 9,614 points, breaking minor technical resistance at the late March high of 9,377 points and standing above the 200-day average, now at 9,572 points. It has not stayed above the average on a sustained basis since last November.
The kingdom announced last July that it would permit direct foreign purchases of shares in the first half of 2015, as a way to expose companies to market discipline, diversify the economy beyond oil and create jobs."
'via Blog this'
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