Wednesday 18 May 2011

Saudi pension body bought $533 mln stocks in March - Maktoob News

Saudi Arabia's public pension agency invested 2 billion riyals ($533.3 million) in the kingdom's stock market in March, its governor said on Tuesday.

"We bought (stocks) worth 2 billion riyals ... we will keep investing. The market is promising," Mohamed al-Kharashi told Reuters on the sidelines of a conference.

He said the agency invested in the bank, telecom, pharmaceutical and cement sectors.

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