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Tuesday, 24 April 2018

Saudi Shares Are the Most Expensive Since 2015 - Bloomberg

Saudi Shares Are the Most Expensive Since 2015 - Bloomberg:

"Saudi Arabian stocks are trading at the most expensive level since 2015 relative to emerging markets as foreign investors continue buying into a potential status upgrade by MSCI Inc. as oil surges.

The Tadawul All Share Index is trading at 15 times estimated earnings per share for the coming year, versus 12 times for the MSCI Emerging Markets Index. The spread between the measures is the widest since August 2015.

As of April 19, foreign investors were net buyers of Saudi stocks for the 16th straight week. They were net purchasers of 1.4 billion riyals ($370 million), more than any other week since at least October 2015, when Bloomberg started compiling the data."



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