MIDEAST STOCKS-FTSE decision lifts Saudi Arabian market, others remain soft | ZAWYA MENA Edition:
"Saudi Arabia's stock market rose on optimism over its inclusion in the emerging market indexes, while other markets had a mixed reaction in early trade on Tuesday.
The Saudi index rose 0.9 percent to its highest level since August 2015 as investors are expecting FTSE to upgrade Riyadh to secondary emerging market status. FTSE will make the announcement later on Tuesday.
Investors were bullish on Saudi stocks, all sectors included, as they expect billions of dollars to pour into the market after the upgrade."
'via Blog this'
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