MIDEAST STOCKS-Saudi posts third-day of gains, Dubai weak on Emirates NBD | Reuters:
The Saudi index edged up 0.13 percent on Tuesday morning trade, staying in positive territory for the third day running, while Dubai stocks fell, driven by Emirates NBD and Emaar Properties
The Saudi market, which has added 10.94 percent in the year-to-date, has been buoyed by inflows of foreign funds in anticipation of Riyadh joining emerging market indexes next year. Recent exchange data indicates those inflows have slowed but not halted as stock valuations have risen.
Saudi Telecom rose 0.6 percnet and Samba Financial climbed 0.5 percent.
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