MIDEAST STOCKS-Saudi edges up after earnings, Abu Dhabi at two-month low | Reuters:
Saudi Arabia’s stock index gained on Monday, buoyed by strong earnings, while most major Gulf markets fell, with Abu Dhabi hitting its lowest in two months.
Stock exchange data on Sunday showed that foreigners sold a net 2.34 billion riyals ($624 million) in the Saudi stock market for the week ending Oct. 25, but the bourse was supported by local institutions, which bought 8.06 billion riyals worth of shares.
The data indicated that foreign selling had slowed from the previous week. It hit a record then investors were spooked by the killing of Saudi journalist Jamal Khashoggi.
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