MIDEAST STOCKS-Saudi stocks up ahead of MSCI entry, fund inflows boost Qatar, UAE - Reuters:
Saudi Arabian stocks closed higher on
Tuesday as investors bought ahead of the addition of more Saudi
stocks to the MSCI emerging markets index, while the United Arab
Emirates and Qatar markets also gained.
Saudi's benchmark index closed up 0.3% after
spending most of the day in the red. Samba Financial Group
rose 3.6% and Saudi Basic Industries
advanced 1.8%.
A second batch of Saudi shares will be added to the MSCI
emerging markets index on Wednesday after the country's stocks
were first included in the index in May.
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