Cheaper oil depresses most of Gulf but MSCI hopes buoy Saudis
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Nation
1 months ago

Cheaper oil depresses most of Gulf but MSCI hopes buoy Saudis

DUBAI - Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI s group of emerging markets, which would trigger billions of dollars of fund inflows, buoyed that market. MSCI will announce late on Tuesday whether it is adding Saudi Arabia to a list for possible upgrade to emerging market the upgrade, if it happens, would ...

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