MIDEAST STOCKS-Saudi rises for a fourth day, UAE markets retreat - Agricultural Commodities - Reuters:
Saudi Arabian shares rose for a fourth straight day on Tuesday on expectations of further capital inflows into the market, while Abu Dhabi and Dubai fell after rising in recent sessions.
The Saudi index was up 0.4% in early trading. Financials were the biggest boost with Al Rajhi Bank and Alinma Bank gaining 1% each. Saudi Telecom traded 1.3% higher.
The index has gained over 13% year-to-date, outperforming other major Gulf peers in a rally led by foreign investors, who have been net buyers of Saudi stocks every month this year.
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