MIDEAST STOCKS-Saudi index hits 8-month low; Qatar outweighs regional markets - Agricultural Commodities - Reuters:
Saudi Arabian stocks closed at an
eight-month low on Thursday as banking shares continued to weigh
on the market, while Qatar outperformed other major Gulf markets
mainly boosted by financial shares.
On Wednesday, a second batch of Saudi shares was added to
the MSCI emerging markets index after the country's stocks were
first included in the index in May.
The inclusion brought Saudi's share to 2.8% of the index's
total market capitalization.
However, the event failed to provide upward momentum for the
Saudi stocks as receding fund inflows rattled investor
confidence.
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