Sunday 24 March 2019

MIDEAST STOCKS- #Saudi index retreats from multi-year peak; Gulf rivals also fall | Reuters

MIDEAST STOCKS-Saudi index retreats from multi-year peak; Gulf rivals also fall | Reuters:

Saudi Arabia's stock market closed lower on Sunday, along with other Gulf markets, having ended the previous week at its highest in nearly four years after inclusion in the FTSE Russell's emerging-market index.

Saudi's Tadawul index will have a weighting of 2.9 percent in the FTSE Emerging All Cap Index and this year will join the MSCI emerging market benchmark.

The Saudi index dropped 0.7 percent on Sunday, dragged down by petrochemical and banking shares.

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