Saudi Arabia's Market Makeover Looks Great on Paper, But Stocks Are Languishing - Bloomberg

Saudi Arabia's Market Makeover Looks Great on Paper, But Stocks Are Languishing - Bloomberg:

"Saudi Arabia’s market regulator is implementing reforms at breakneck speed to attract foreign investors, but investors wouldn’t know it by looking at the stocks.

Two years after international investors were first allowed to trade Saudi stocks directly, total foreign ownership has lingered below 5 percent of the value of shares on the exchange. The 50-day moving average for the Tadawul All Share Index’s volume fell this month to the lowest level since 2011 and the stock gauge is among the world’s top 10 worst performers this year, missing out on a rally that sent emerging-market equities soaring 30 percent."



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