06-06-2016 10:46 via news.yahoo.com

MIDEAST STOCKS-Saudi bourse moves little before reform announcement

Saudi Arabia's stock market moved little in early trade on Monday before the announcement of details of the kingdom's economic reform plan, while most other Gulf bourses edged down. The National Transformation Plan (NTP), a key part of efforts to make the Saudi economy less dependent on oil revenue, will be put before the cabinet for approval on Monday, a senior Saudi source told Reuters. Details of the NTP will be disclosed in daily news conferences with ministers starting on Monday evening.
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