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FinancialNews
28-07-18
Saudi Stock Exchange Q2 growth projection raised to 7 percent
(MENAFN) The Saudi Stock Exchange (Tadawul) has witnessed its forecast for the value of the bourse rise to 7 percent within the second quarter of this year.
This upgrade of forecast by MSCI has been driven by the Emerging Markets status presented, along with the better investor sentiment recorded in relation to higher oil prices.
The Tadawul All Share Index (TASI) is now stable at about 17 percent, Jadwa Investment confirmed in a research note, saying this marks it as the best performing equity market compared to giant international and regional indices.
Jadwa added "what is more impressive is that this performance has come at a time when emerging market equities have seen some pullback, with global fund investors decreasing their emerging market bond and equity allocations in recent months."
MENAFN2807201800450000ID1097211575
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