MIDEAST STOCKS-Saudi rise on inflows, strong earnings, Dubai hit by weak investor confidence. | ZAWYA MENA Edition:
"Saudi stocks rose to the highest level in more than two years as optimism over increased foreign inflow and strong earnings sustained positive investor sentiment for the Gulf's biggest market.
Latest exchange data showed foreigners bought a record $384 million of Saudi Arabian stocks on a net basis last week, showing sustained international interest in the market.
The Tadawul index rose above 8300 points, the highest level since August 17, 2015. Bank AlJazira was up 5.3 percent after Bahrain's Ahli United Bank said it acquired a 7.3 percent stake in the Saudi Islamic lender."
'via Blog this'
No comments:
Post a Comment