MIDEAST STOCKS-Saudi gains ahead of MSCI entry while Qatar rises - Reuters:
Saudi Arabia’s stock market rose on Tuesday ahead of its introduction into the MSCI emerging markets index after this session’s close, while Qatar rose sharply as most of its stocks gained.
Saudi’s index rose 0.6% in early trade. Riyad Bank added 1.9% and Al Rajhi Bank increased 0.4%.
MSCI said this month it would include MSCI Saudi Arabia in its emerging-markets index, effective from the close on May 28, a move that could draw billions of dollars into the market.
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