MIDEAST STOCKS-Saudi stocks gain on banks, petrochemicals - Agricultural Commodities - Reuters:
Saudi Arabian stocks rose on Tuesday, boosted by banks and petrochemical firms and as more companies joined the FTSE Russell and the S&P Dow Jones emerging market indexes.
On Monday, Saudi stocks joined the FTSE Russell index in their fourth of eventual five tranches and the S&P Dow Jones index in the second and final phase.
Saudi stocks initially joined the two indexes as well as MSCI’s emerging markets index earlier this year.
Saudi’s index was up 0.5%, led by a 1% gain in Al Rajhi Bank and a 0.5% rise in Riyad Bank.
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