MIDEAST STOCKS-Banks hurt Saudi; other major Gulf markets up - Reuters:
Saudi stocks slipped on Thursday, extending losses for the second straight session pressured by banking shares, as receding fund inflows continued to keep investors at bay while other major Gulf markets rose.
On Wednesday, a second batch of Saudi shares was added to the MSCI emerging markets index but the move failed to lift the market as funds remain bearish.
Sixty percent of fund managers said they would reduce their investments in Saudi Arabia, displaying bearishness that has carried over from last month.
No comments:
Post a Comment