MIDEAST STOCKS-Most major Gulf markets up but banks hurt Qatar - Agricultural Commodities - Reuters:
Most major Gulf stock markets rebounded on Wednesday, a day after tumbling on a rebalancing of MSCI indexes, while Qatar shares fell in early trade.
In Saudi Arabia, the benchmark index rose 0.3% with Al Rajhi Bank and Saudi Basic Industries increasing 1.3% and 0.8% respectively.
Global index provider MSCI on Tuesday implemented the final step of an increase in the weighting of mainland Chinese stocks, or A shares, in its widely followed emerging markets benchmark . Most Gulf stock indexes slipped into negative territory following the event, with Saudi leading the losses.
Dubai’s index rose 0.2%, as Dubai Islamic Bank gained 1.7% and DAMAC Properties leapt 3.6%.
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