MIDEAST STOCKS-Saudi edges up on passive fund inflows, Abu Dhabi slips - Reuters:
Saudi Arabia's stock exchange recovered
from earlier losses to close a touch higher on Monday amid
expectations of billions of dollars more in passive fund
inflows, while Abu Dhabi fell for a third straight session.
The Saudi index inched up 0.1% with Al Rajhi Bank
rising 0.7% and Riyad Bank gaining 1.5%.
The Saudi Stock Exchange expects additional passive funds'
inflows worth $3 billion from the remaining phases of inclusion
in the FTSE Russell emerging market index starting in
September.
Three of an eventual five tranches of Saudi stocks have been
added to the FTSE emerging-market index so far this year.
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