MIDEAST STOCKS-Gulf edges up in early trade but volumes small | Reuters

MIDEAST STOCKS-Gulf edges up in early trade but volumes small | Reuters:

"Gulf stock markets rose in early trade on Tuesday but many investors stood on the sidelines before MSCI's decision later on whether it will consider Saudi Arabia for inclusion in its emerging markets index.

Riyadh's index edged up 0.1 percent after an hour of trade, with Saudi Basic Industries adding 0.6 percent.

While many institutional investors and portfolio managers are staying clear of the market because of uncertainties such as the June 23 vote on whether Britain will leave the European Union, Saudi retail investors bought small to mid-sized shares. The insurance sub-index added 0.7 percent.

"



'via Blog this'