MIDEAST STOCKS-Dubai ends at two-year low, Saudi keeps climbing on FTSE hopes

MIDEAST STOCKS-Dubai ends at two-year low, Saudi keeps climbing on FTSE hopes:

"Major Gulf stock markets performed very differently on Thursday as Dubai closed at its lowest level in two years while Saudi Arabia continued to climb on optimism over its entry into emerging market indexes. Money has been flowing from Dubai and other Gulf Arab markets into Saudi Arabia since the start of the year, as investors try to get in ahead of billions of dollars of passive foreign funds that are expected to pour into Riyadh after it gains emerging market status. Dubai’s index ended down 1.8 percent at 3,150 points in lacklustre turnover, dropping below a two-year low that it hit last week."



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