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Mideast Stocks: Global woes weigh on Saudi stocks as they join MSCI index
May 29, 2019--Saudi's index fell 1.6%, weighed down by financial stocks, with Al Rajhi Bank decreasing 1.9% and Banque Saudi Fransi sliding 4.6%
Saudi Arabia's stock market slipped on Wednesday as weak global sentiment clouded the first day of trading for the market as a new member of the MSCI emerging markets index. Most other Gulf markets also dropped.
Mideast Stocks: Profit-taking, global stock slide weigh on Saudi stocks
May 29, 2019--Saudi Arabian stocks dropped on Wednesday as falling oil prices and weak global sentiment pulled down banking shares on the market's first of trading as a member of the MSCI emerging markets index.
Some investors also cashed in their holdings ahead of the long Eid Holiday in the next week.
Mideast Stocks: Saudi rises to its best day in 7 months, leading Gulf rally
May 28, 2019--Saudi Arabia's stock market rose sharply on Tuesday ahead of its introduction into the MSCI emerging markets index after this session's close, while all major Gulf bourses rallied.
Saudi's index rose 2% for its biggest single-day gain since October 2018. Al Rajhi Bank 1120.SE increased 2.1% and petrochemical maker Saudi Basic Industries added 2%.
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Egypt could cut taxes for stock exchange investors-bourse chairman
May 28, 2019--Egypt's stock market and finance ministry are considering combining stamp duty and capital gains taxes charged on equities investments to limit the amount paid in stamp duties, exchange chairman Mohamed Farid said on Tuesday.
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Mideast Stocks: Saudi slips in wider Gulf falls ahead of holiday Mideast Stocks: Qatar, Saudi rise on financials; property drags Dubai Mideast Stocks: Financials weigh on Saudi, blue chips gain in Egypt IMF Staff Conclude Visit to Israel Faster productivity growth is needed to sustain Israel's robust economic performance, calling for a package of reforms to reduce regulatory red tape, enhance transport infrastructure, and upgrade education and training. MENA fund managers increase investments in Egypt, UAE: Poll Mideast Stocks: Oil price fall weighs on Saudi while blue chips gain in Egypt
May 27, 2019--Saudi's stock index was down 0.3%, with market heavyweight Al Rajhi Bank shedding 0.9% and Samba Financial Group dropping 2%
Saudi Arabian stocks were weighed down by falls in financial shares on Monday as Gulf markets slipped ahead of Eid al-Fitr
Many investors prefer to cash in holdings ahead of the Eid holiday, which lasts for a week in Saudi Arabia and at least three days in other Gulf countries.
May 27, 2019--Qatar and Saudi Arabia's stock markets rose on Monday, helped by financial companies, while Dubai's was pressured by the real estate sector.
Qatar's index rose 0.9% as banks gained. Qatar Islamic Bank surged 8.7% and the Middle East's biggest lender, Qatar National Bank, added 2.2%.
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May 26, 2019--Saudi Arabia's stock market fell sharply on Sunday, dragged down by the financial and petrochemical sectors, while Egypt's blue chips gained.
Saudi's index dropped 2%, with Saudi British Bank (SABB) 1060.SE falling 3.5%, Samba Financial Group , the Kingdom's third-largest bank by assets, shedding 3.4%, and National Commercial Bank, the country's largest lender, 3.3%.
May 24, 2019--Fiscal deficits are expected to rise in 2019 and coming years under current policies. The budget for 2020 will need to take revenue and spending measures to avert increases in public debt burdens and to facilitate reforms to boost growth.
The establishment of the Financial Stability Committee is welcome. Any new legislation on banking supervision should protect the operational independence of the supervisor to safeguard its effectiveness.
May 23, 2019-Middle Eastern funds plan to increase their investments in Egypt and the United Arab Emirates over the next three months.
Middle Eastern funds plan to increase their investments in Egypt and the United Arab Emirates over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll.
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May 23, 2019--Saudi Arabia's stock market fell sharply on Thursday as banks and petrochemical shares dropped amid falling oil prices, while Egypt's blue-chip index closed higher.
Saudi's index dropped 1.4% with 10 of its 11 banks trading lower. Al Rajhi Bank shed 1.7% and Saudi Basic Industries 2010.SE fell 2.5%.
