MidEast Stocks Mixed, Saudi Shares Reach 6-Year High

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MidEast shares were mixed, but Saudi Arabia climbed to a six-year high.

Saudi stocks were bolstered by blue chip stocks, which are expected to benefit when markets are opened to direct foreign investors. Saudi authorities said on Tuesday they planned to allow foreign institutional investors to buy local stocks from the first half of 2015.

However, regulators are expected to let foreign investors creep into the market to keep things orderly. That kept a cap on gains.


Dubai's main index eased 0.2% to 4,668 points, Abu Dhabi dipped 0.3% to 4,964 points, Qatar dropped 0.5% to 13,190 points, Saudi Arabia gained 1.4% to 10,163 points, Kuwait firmed 0.3% to 7,118 points, Bahrain slipped 0.2% to 1,471 points and Oman inched up 0.2% to 7,201 points.



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This article appears in: Investing , Commodities

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