MIDEAST STOCKS-Saudi stock rally ends, Kuwait keeping gaining on MSCI upgrade - Reuters:
Saudi Arabia’s stock market fell on Tuesday after five days of gains, pressured by its financial stocks, while Kuwait continued to rise after MSCI announced it would upgrade Kuwaiti equities to its main emerging-markets index.
The Saudi index was down 0.1% with Arab National Bank dropping 1.1% and Samba Financial Group falling 0.6%.
This comes after five days of gains, and the index is still up 13% this year, led by foreign investors. Saudi exchange data released late on Monday showed foreigners bought a net 16.16 billion riyals ($4.31 billion) worth of Saudi stocks last month.
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