Saturday 17 March 2012

Top-10 ranking in sight for Tadawul - The National

Saudi Arabia's stock exchange is expected to quickly rank among the world's 10 most active markets if it opens up to international investors.

The Saudi Tadawul has attracted high levels of activity in recent months as speculation mounts that an easing of restrictions on foreign investors may be imminent. Currently, such investors are barred from trading except through swap agreements.

The kingdom's exchange has been one of the most active among emerging markets - and is only expected to grow faster if international investors are given access, said Ahmed Beydoun, the regional managing director of Deutsche Bank's equity business.

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