MIDEAST STOCKS-Saudi market extends gains ahead of FTSE inclusion | Reuters:
Saudi Arabian stocks registered a fifth straight session of gains on Monday, ahead of the market's entry to the FTSE Russell's emerging market index in a little more than two weeks, rising along with most major Middle Eastern markets.
The Saudi stock exchange expects passive fund inflows of between $15 billion and $20 billion this year as it gears up for inclusion in emerging market benchmarks, its chief executive told Reuters on Thursday.
Saudi stocks will become the largest Middle East market in the FTSE Emerging Index with an overall weighting of 2.7 percent, according to index compiler FTSE Russell.
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