Saudi’s Tadawul Leads Gauges in Middle East Markets: Inside EM - Bloomberg:
The Tadawul All Share Index rose as much as 2 percent, leading gains in Middle East equity gauges, following upbeat third-quarter earnings and deal announcements.
“All recent deals and corporate announcements are positive, so there are expectations for foreign portfolio flows into the country, which could happen starting early next year,” said Muhammad Faisal Potrik, head of research at Riyad Capital. "News and sentiment is expected to be positive until year-end or early next year."
Saudi Company For Hardware, Yanbu National Petrochemical Company and Mouwasat Medical Services Company were among top gainers, rising at least 3.5 percent.
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