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FinancialNews


  • 07-04-18

    Saudi Arabia's stock market sees increase by 8 percent

    (MENAFN) Saudi Arabia was revealed to have recorded an 8 percent boost in its stock market since the year begun, with it presently trading at the best rate since 2015.

    Investor confidence in Saudi Arabia has considerably increased in the past month as a result of encouraging developments, causing performance advancement, according to Jadwa Investment's released report on the Tadawul All Share Index (TASI).

    The report explained "whilst multi-year high oil prices have no doubt firmed up sentiment, this is only part of the story."

    It continued "investor confidence has also been buoyed by the recent clarity and direction of economic policy, as well as Saudi Arabia's expected inclusion, which later materialized, into the FTSE Emerging Market (EM) index."

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