Inclusion of Saudi stocks in MSCI to boost activity in Gulf markets in August

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Mon, 2019-07-08 00:13

DUBAI: Saudi stocks fell on Sunday in response to a fall in profits at food company Almarai and weakness in blue-chip stocks, while the Kuwait index rose for the seventh straight session buoyed by the recent MSCI move to upgrade Kuwaiti stocks to emerging market.
The Saudi market had opened slightly higher on selective buying in financials, but quickly lost momentum after Almarai’s shares plunged.

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