MIDEAST STOCKS-Saudi stocks edge higher in run-up to joining FTSE emerging market index | Reuters:
Saudi stocks opened firmer on Sunday, just over two weeks before the Gulf’s biggest market is set to enter the FTSE Russell’s emerging market index.
The Tadawul main index was up 0.5 percent, led by financial stocks. Samba Financial Group rose 1 percent and Al Rajhi Bank climbed 0.8 percent.
Saudi Arabia’s stock exchange expects passive fund inflows of $15 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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