Mideast Stocks: Saudi gains ahead of MSCI entry, banks lift most Gulf markets | ZAWYA MENA Edition:
Saudi Arabia's stock market rose on Wednesday with most of its banks gaining ahead of MSCI entry later this month. Lenders also lifted most major Gulf bourses.
Saudi's index was up 0.9% in early trade. Al Rajhi Bank increased 1%, petrochemical maker Saudi Basic Industries added 0.9% and Saudi Telecom was 1.9% higher.
The three stocks will be the largest additions to the MSCI Emerging Markets Index measured by full company market capitalization.
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