MIDEAST STOCKS-Gulf firms but volumes low as investors await MSCI | Reuters

MIDEAST STOCKS-Gulf firms but volumes low as investors await MSCI | Reuters:

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

International index compiler MSCI is to announce after the close on Tuesday whether it will put Saudi Arabia on review for possible inclusion as early as mid-2017.

Inclusion would bring billions of dollars of passive foreign funds into the market, but fund managers are split on whether Saudi Arabia is likely to be put on review this year."



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