MIDEAST STOCKS-Saudi continues climb, most of Gulf lower on ex-dividends:
"Most Gulf stock markets were soft in early trade on Thursday as several companies in Dubai, Abu Dhabi and Qatar went ex-dividend, while Saudi Arabia continued to climb on optimism over its entry into emerging market indexes. The Saudi index rose 0.8 percent in the first hour, anticipating FTSE’s decision at the end of March on whether to upgrade Riyadh to secondary emerging market status. The biggest market movers included petrochemical firm Saudi Basic Industries Corp and Saudi Telecom, up 2.0 percent and 4.0 percent respectively - stocks that are expected to figure prominently in the global indexes."
'via Blog this'
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