Middle East funds see value in popular Saudi stock market | The National

Middle East funds see value in popular Saudi stock market | The National:



"Middle East funds are bullish on Saudi Arabia’s stock market despite concern it is getting richly valued, while they think the UAE has bottomed out after a volatile few months, a Reuters survey showed.



The Saudi stock market index has jumped 13 per cent since authorities announced in late July that they would open the market to direct investment by foreign institutions in the first half of next year.



That has left the overall market looking fully valued to many funds."



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