MIDEAST STOCKS-Banks boost Saudi, all major Gulf markets gain - Reuters:
Saudi Arabia’s stock market rose on Tuesday, boosted by its banking shares, while all major Gulf markets rebounded from recent sell-offs, in line with Asian shares.
Saudi’s index increased 0.6% in early trade, with Al Rajhi Bank adding 1.2% and Saudi Basic Industries up 0.9%.
MSCI last week said it would include MSCI Saudi Arabia in its emerging-markets index, effective May 28, a move that could draw billions of dollars into the market.
No comments:
Post a Comment