Mideast Stocks: Saudi steady ahead of FTSE inclusion, most Gulf markets down | ZAWYA MENA Edition:
Saudi Arabia's stock exchange was steady in early trading on Monday, ahead of its entry to the FTSE Russell's emerging market index in a little more than two weeks, while most major Gulf markets slipped.
Saudi Arabia's main index as flat, with petrochemical investor Alujain rising 2.1 percent after providing an update on a fire in its affiliate's plant. The firm said it expects the plant to start operating in the first half from Oct. 2019.
Saudi Arabia's stock exchange expects passive fund inflows of $15 billion to $20 billion this year as it gears up for inclusion in emerging market benchmarks, its chief executive told Reuters on Thursday.
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