MIDEAST STOCKS-Most Gulf markets reverse course, Kuwait extends gains on MSCI upgrade - Reuters:
Most major Middle East markets clawed
back earlier losses on Wednesday largely on back of their
financial stocks, while Kuwait rose for the fifth straight
session after MSCI's decision to upgrade Kuwaiti equities to its
main emerging markets index.
The Saudi index rose 0.2% with Al Rajhi Bank
rising 0.6% and National Commercial Bank up
0.7%.
Gulf General Cooperative Insurance jumped 7.7%
after it won an insurance contract worth over 5% of its revenue
in 2018.
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