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Stock impact report

MIDEAST STOCKS-Money flows back into Saudi, Emaar keeps falling in Dubai [Reuters]

VEON Ltd. - American Depositary Shares (VEON) 
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Company Research Source: Reuters
MIDEAST STOCKS-Money flows back into Saudi, Emaar keeps falling in Dubai | Reuters Reuters Staff 4 Min Read * Saudi rebounds after profit-taking followed index decision * Emaar Properties hits new two-year low * Kuwait falls for four days after market reorganisation * QNB supports Qatar as most financials weak * Egypt’s Global Telecom drags down sector again By Aziz El Yaakoubi DUBAI, April 4 (Reuters) - Buyers returned to the Saudi Arabian stock market on Wednesday as blue chips attracted interest again after several days of profit-taking that followed FTSE Russell’s decision to upgrade Riyadh to emerging market status. The Saudi index was up 0.9 percent as the energy and banking sectors rose: PetroRabigh climbed 2.0 percent, Saudi Arabian Refineries jumped 3.0 percent and mining group Ma’aden gained 1.7 percent. Al Rajhi Bank added 1.0 percent. Loss-making Saudi Arabian home furnishings maker Al Sorayai Trading surged 7.3 percent, rising in unusually heavy trade for a fourth straigh Show less Read more
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