MIDEAST STOCKS-Foreign fund hopes boost Saudi, Emirates NBD soars in Dubai:
"Expectations for inflows of foreign funds in coming months boosted Saudi Arabia’s stock market to a multi-year high on Sunday, while a leap by Dubai’s biggest bank, Emirates NBD, lifted that index.
The Saudi index surged 1.8 percent, its biggest daily gain since last June, to 7,696 points, its highest finish since November 2015.
The index, which had added 1.5 percent on Thursday, confirmed a break above resistance on the late February peaks, triggering a minor double bottom formed by the lows since February - a classic, bullish technical signal."
'via Blog this'
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