Tuesday 20 February 2018

MIDEAST STOCKS-Gulf mostly weak in early trade but Saudi firm | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf mostly weak in early trade but Saudi firm | ZAWYA MENA Edition:

"Most Gulf stock markets were weak in early trade on Tuesday, in line with a pull-back by Asian bourses and oil prices, but Saudi Arabia remained firm in a fresh sign of fund flows into Riyadh from the rest of the region.

Funds have been rotating into Saudi Arabia ahead of events such as MSCI's decision in June on whether to upgrade Riyadh to emerging market status, and the planned listing of Saudi Aramco late in the year.

The Saudi stock index was 0.2 percent higher after 55 minutes of trade with gainers outnumbering losers by a ratio of more than two to one."



'via Blog this'

No comments:

Post a Comment