Sunday, 3 March 2019

MIDEAST STOCKS- #Saudi index rises as countdown begins for entry to FTSE Russell index | Reuters

MIDEAST STOCKS-Saudi index rises as countdown begins for entry to FTSE Russell index | Reuters:

Saudi stocks ended higher on Sunday, helped by optimism over more fund inflows ahead of the entry of Gulf's biggest market to the FTSE Russell's emerging market index is just over two weeks.

The Tadawul main index was up 0.5 percent, led by financial stocks. Samba Financial Group rose 1.1 percent and Al Rajhi Bank climbed 0.4 percent.

Al Tayyar Travel Group surged 5.7 percent as investors went past its full-year loss in 2018 to take comfort from its plans to raise 3 billion riyals ($800 million)in fresh capital.

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