Foreign flows likely to fall short of expectations in Saudi | GulfNews.com

Foreign flows likely to fall short of expectations in Saudi | GulfNews.com:



"Foreign flows are likely to fall short of local expectations in the near term, but this won’t diminish the fundamental attractiveness of investments into $500 billion (Dh1.8 trillion) Saudi equity market after it opens up, a senior official at JP Morgan Private Bank told Gulf News.



The Capital Markets Authority (CMA) is planning to allow in foreign investors from June 15, a move closely watched by the global fraternity, as the world’s biggest exporter of petroleum gives access to own shares of Saudi Basic Industries and National Commercial Bank.



The Saudi Tadawul index has been the best performer in the region, with gains of more than 18 per cent so far this year, compared to Dubai index, which gained 13 per cent."



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