MIDEAST STOCKS-Saudi Arabia rebounds following deep sell-off, FAB weighs on Abu Dhabi - Reuters:
Saudi Arabia’s stock index rose on Tuesday, rebounding after a sell-off triggered by news of oil tankers being attacked off the coast of the United Arab Emirates, while Abu Dhabi dropped to its worst day in more than three years, pressured by First Abu Dhabi Bank.
Saudi Arabia’s stock market edged 1.5% higher a day after its shares fell nearly 3.6% after Riyadh said two of its oil tankers were among the vessels hit in the attacks.
Some stocks on the index gained following the index provider, MSCI’s decision to add 30 Saudi Arabian securities, that would represent an aggregate weight of 1.42% in the MSCI Emerging Markets Index.
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