Aramco Up for Third Session With Eye on Passive Flows: Inside EM

(Bloomberg) — Saudi Aramco shares advance for a third session — though the market valuation remained below $2 trillion — with investors focusing on the energy company’s inclusion in major international equity indexes this week.The stock climbs 1% in Riyadh, extending gains since it started trading on Wednesday to 16%. The main Saudi index also advances, along with peers in the Middle East, as they catch up with global markets after the U.S. and China agreed on a phase-one trade deal last week.MSCI Inc., which compiles the most popular emerging-market equities index, will add Aramco to its benchmarks using the …read more

Source:: Yahoo Finance

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