Wednesday, 29 May 2019

MIDEAST STOCKS-Profit-taking, global stock slide weigh on #Saudi stocks - Agricultural Commodities - Reuters

MIDEAST STOCKS-Profit-taking, global stock slide weigh on Saudi stocks - Agricultural Commodities - Reuters:

Saudi Arabian stocks dropped on Wednesday
as falling oil prices and weak global sentiment pulled down
banking shares on the market's first of trading as a member of
the MSCI emerging markets index.

Some investors also cashed in their holdings ahead of the
long Eid Holiday in the next week.

Thirty Saudi-listed securities were added to MSCI's index
after the close of trading on Tuesday, representing an aggregate
weight of 1.42% in the Emerging Markets Index.

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