Saudi shares rise at expense of real estate sector | ASHARQ AL-AWSAT:
"Long-term investment is currently going through major changes within the Saudi stock market, according to experts who spoke to Asharq Al-Awsat yesterday. They confirmed that the country’s stock market has started to outperform the real estate market off the back of increased investment. This comes amid a noticeable stagnation in the Saudi real estate sector.
The experts also pointed out that many companies which are listed in the Saudi market have distributed annual profits of between 5 percent and 8 percent, amid expectation of a good return on capital, especially with the start of a new cycle of the Saudi stock market, which opened at 6,800 points at the start of the current year.
They added that investment in the real estate sector was risky at the current time. These comments came at a time when the Ministry of Housing has started to take effective measures to address the housing problem."
'via Blog this'
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