Monday, 10 June 2019

UPDATE 1-Goldman was top broker in #Saudi market in May as foreign interest surged - Reuters

UPDATE 1-Goldman was top broker in Saudi market in May as foreign interest surged - Reuters:

Goldman Sachs was the Saudi market’s top broker by trading volumes and value in May, stock exchange data showed, as foreign banks benefited from a surge of international money into the kingdom.

Foreign investment interest in Saudi Arabia picked up ahead of the inclusion of the country’s stock market in global index provider MSCI’s emerging market indexes last month.

Goldman, which was not even among the top 10 brokers in Saudi Arabia in April, handled 18.6% of trades by value and 12.3% by volume in May, data from the Tadawul bourse showed.

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