Markets

MidEast Shares Mixed, Saudi Stocks Gain for Third Straight Day

Middle East shares were mixed, with Saudi stocks rising for a third straight session on optimism the country will join emerging market indexes next year.

Egypt jumped as worries over Turkey eased. Some are now saying Turkey's currency crisis may not bad as advertised.

In company news, Emaar Properties and Emirates NBD remain on edge as investors remained jittery about its agreement in May to buy Turkey's Denizbank in a $3.2 billion deal.

Saudi Arabia's main index edged up 0.5% to 8,037 points, Dubai slipped 0.4% to 2,819 points, Abu Dhabi rose 0.4% to 4,958 points, Qatar gained 0.6% to 9,858 points, Kuwait dropped 1% to 5,5258 points, Bahrain dipped 0.1% to 1,347 points, Oman inched higher 0.7% to 4,410 points and Egypt jumped 2.4% to 15,606 points.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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