MIDEAST STOCKS-Financials elevate most of Gulf, Egypt up again - Reuters:
Major Gulf stocks rose on Wednesday,
mostly led by financials with Saudi extending gains for a fourth
straight session, while gains in blue-chips bolstered Egypt.
In Saudi, the index ended 0.7% higher, with National
Commercial Bank and Riyad Bank adding 3.8%
and 1.7%, respectively. They said they had ended preliminary
merger talks in separate stock exchange filings on Monday.
Saudi Aramco's shares meanwhile fell 2.8% to 36.7
riyals ($9.79) on the first day of their inclusion in the MSCI
emerging markets index.
The oil giant's shares were also included in the Saudi
Tadawul index on Wednesday and will join the FTSE global
benchmark on Thursday.
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