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Tuesday, 17 April 2018

MIDEAST STOCKS-Saudi index at highest since Q3 2015, other markets mixed

MIDEAST STOCKS-Saudi index at highest since Q3 2015, other markets mixed:

"Saudi market extended gains on Tuesday morning, hitting its highest level since the third quarter of 2015, backed by solid performance of leading stocks. Other markets in the region were mixed. Oil price increase and the potential inclusion of Saudi in the MSCI emerging market index in June have boosted investor sentiment in Saudi market this year on hopes of significant foreign fund inflows to the region’s biggest stock market. “Higher oil prices are the main driver for the Saudi market, people are optimistic over prices going further up in the coming months,” said Mazen al-Sudairi, head of research at Rajhi Capital."



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