Sunday 13 September 2015

MIDEAST STOCKS-Saudi rises on FTSE review; Egypt up after govt reshuffle | Reuters

MIDEAST STOCKS-Saudi rises on FTSE review; Egypt up after govt reshuffle | Reuters:



"Saudi Arabia's stock market rose in early trade on Sunday after index compiler FTSE added the country to its watchlist for potential upgrade and Egypt edged up after the Cairo government resigned.

Saudi Arabia's main stock index rose 1.1 percent and most stocks were positive. Real estate companies did particularly well: Jabal Omar jumped 3.0 percent and Dar Al Arkan was up 2.8 percent.

FTSE on Friday added Saudi Arabia to its watch list for possible inclusion in the emerging markets category, following the opening of its stock market to qualified institutional investors in June."



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