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Tuesday, 15 November 2016

MIDEAST STOCKS-Gulf mixed after MSCI adjusts indexes; profit-taking in Saudi banks, petchems | Reuters

MIDEAST STOCKS-Gulf mixed after MSCI adjusts indexes; profit-taking in Saudi banks, petchems | Reuters:

"Gulf stock markets were mixed early on Tuesday after MSCI adjusted its indexes, causing sharp moves in some shares.

Dubai's main index was up 0.1 percent as DXB Entertainments added 3.4 percent after MSCI upgraded the stock to its United Arab Emirates standard index, effective at the close on Nov. 30.

Builder Arabtec fell 3.1 percent after MSCI downgraded it to its small cap index, while Dubai Financial Market lost 0.9 percent after it was deleted from the standard index.

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'via Blog this'