MIDEAST STOCKS-Banks propel Saudi, lender FAB drags Abu Dhabi - Reuters:
Saudi Arabia's stock market rose for a
third straight session on Thursday, rebounding from recent
sell-offs and ahead of MSCI inclusion later this month. Abu
Dhabi was pressured by its top-lender.
On Monday, MSCI said that 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.
MSCI said 30 Saudi Arabian securities would be added,
representing an aggregate weight of 1.42% in the MSCI Emerging
Markets Index.
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