MIDEAST STOCKS-Saudi falls in broader decline, lags emerging markets | Reuters:
Saudi Arabian stocks fell in a broad-based Middle East decline on Thursday, missing out on a wider emerging markets rebound.
The MSCI emerging market index was up 0.9 percent but the Saudi index slipped 0.5 percent in the first 45 minutes, with losers outnumbering gainers by 98 to 33.
Individual investors have been net sellers of Saudi stocks for most of the past several weeks while institutions have become more cautious because of the instability in emerging markets and global trade tensions.
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