Saudi stocks fell slightly, a day before joining the FTSE Russell Emerging Markets Index, as investors took profits in stocks that had made gains recently in the Saudi market , Which weakened the stock index, which fell 0.2%, and the index has risen 9.5% since the beginning of the year, outperforming all major stock markets in the Gulf. And net foreign purchases reached $ 2.1 billion since the beginning of the year.

Commenting on the fact that Mohamed Faysal Potrick, head of research at Riyadh Capital, said: “We can expect flows between 90 billion and 100 billion riyals ($ 24-27 billion),” adding that it is expected to rise Trading values ​​are 14% to $ 100 million per day, following Saudi Arabia's inclusion of market indices.

The Saudi market was stable, and some non-financial stocks were weak, especially the shares of the Saudi Basic Industries Corporation (SABIC), which fell 0.3%, while the telecom company lost shares. Saudi Arabia 0.8%.

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Joining emerging markets is pushing Saudi stocks lower