Thursday, 14 May 2015

MIDEAST STOCKS-Gulf mkts rise, Egypt extends loss on MSCI weighting cut | Reuters

MIDEAST STOCKS-Gulf mkts rise, Egypt extends loss on MSCI weighting cut | Reuters:



"Middle East stock markets continued on Thursday to digest index compiler MSCI's semi-annual review, which was positive for most Gulf markets but sent Egypt's bourse to a five-month low.



Another positive factor for the Gulf was news that a truce in Yemen was holding, despite some minor incidents.



Saudi Arabia's main index edged up 0.6 percent as blue-chip lenders Al Rajhi Bank and National Commercial Bank rose 2.4 and 1.5 percent respectively."



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