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Sunday, 18 June 2017

MIDEAST STOCKS-Gulf little changed in early trade, oil price deters activity | Reuters

MIDEAST STOCKS-Gulf little changed in early trade, oil price deters activity | Reuters:

"Gulf stock markets were little changed in early trade on Sunday as low oil prices, with Brent crude just above $47 a barrel, deterred buying and diminished liquidity. The Saudi stock index rose 0.2 percent. MSCI will announce on Tuesday whether it is adding Saudi Arabia to a list for possible upgrade to emerging market status, which could attract fresh inflows of foreign money. Some stocks expected to benefit from such flows rose, with Saudi British Bank climbing 3.3 percent to its highest level since early January."



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