MIDEAST STOCKS-Saudi gains on MSCI decision, Dubai and Qatar also up | Reuters:
"Saudi Arabian shares gained on Thursday, reflecting largely positive sentiment across the Gulf, after index provider MSCI announced overnight it would add the kingdom’s stock market to its emerging markets benchmark.
The addition was expected and Saudi Capital Market Authority Chairman Mohammed bin Abdullah Elkuwaiz told reporters it could help attract $40 billion in foreign inflows from funds.
But Kuwait’s index closed down after the MSCI also said that it would include it in its classification review next for a potential move from frontier to emerging markets."
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