MIDEAST STOCKS-Saudi Arabia rises ahead of opening to foreigners | Reuters:
"Saudi Arabia's bourse rose on Sunday ahead of its opening to direct foreign investment, though it remained unclear if any foreign funds would be able to buy local shares when the new regulations take effect on Monday.
The main Saudi stock index climbed 1.3 percent, buoyed by blue chips which are seen as most likely to be targeted by foreign investors, and have been included in a provisional benchmark by index compiler MSCI. Turnover was modest.
Petrochemicals giant Saudi Basic Industries jumped 2.3 percent despite weak oil prices. Miner Ma'aden surged 3.7 percent and National Commercial Bank, the biggest Saudi Arabian lender, added 1.2 percent."
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