MIDEAST STOCKS-Banks halt Saudi gains, MSCI upgrade keeps Kuwait gaining - Reuters:
Saudi Arabia's stock market snapped a
five-day winning streak on Tuesday as most banks dropped, while
Kuwait rose for a fourth straight session after MSCI announced
it would upgrade Kuwaiti equities to its main emerging-markets
index.
The Saudi index was down 0.2% with Al Rajhi Bank
shedding 0.7% and Samba Financial Group falling 1.5%.
That comes after five days of gains, and the index is still
up 12.6% this year, led by foreign investors.
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