MIDEAST STOCKS-Saudi the only bright spot in a sluggish region | Reuters:
Saudi Arabia’s stock market was the only bright spot in a sluggish Middle East on Sunday as most bourses moved sideways in trade thinned by the absence of some investors for year-end holidays.
The Saudi market has been dampened in the last few months by falling oil prices and geopolitical worries linked to the killing of journalist Jamal Khashoggi.
However, many fund managers expect a rally in the new year in anticipation of some $15 billion of passive funds that are due to enter the bourse when it joins emerging market indexes.
No comments:
Post a Comment