The same global phenomenon that’s driving amateur traders into equity markets the world over is giving a boost to Saudi stocks at just the time they need it.
Similar to the Robinhood craze in the U.S., retail investors in the kingdom are piling into small and medium-cap stocks, driving average daily turnover to levels more than double those of a year ago. That’s helped propel a rally in the Tadawul All Share Index, which is poised to be the first benchmark in the Gulf to erase 2020 losses even as the world’s biggest oil exporter grapples with a tumbling oil price.
“We see money chasing good quality companies that were beyond the purview of institutional fund managers,” Joice Mathew, the head of equity research at United Securities in Muscat, said in written comments. “It may not be appropriate to call them Robinhooders of Saudi Arabia, but people are definitely excited about the gains in U.S. markets, and want to mimic it.”
Hello everyone are you a forex/Binary/indices/crypto trader? or you Have heard about it for long and right now you wish to give it a trial ? please also be careful of these unregulated brokers advertising on the internet.
ReplyDeleteYou can avoid loses and also make good choices when choosing a broker to trade with.
So i am recommending an expert who is well known all over EUROPE/America for her master class strategy, and her ability to recover loses no matter how long it must have been, she also gives free tutors for beginners.
I share this because she has led me(and so many other people) away from the paths of failure into success for over 3 years now that I have known her and
I'm making huge amounts of money through profits.
Its a blessing to have someone like her
Helping people like us at this time
To reach out to Mrs (chandalynvoss )is very easy and she is ready to take up the challenges with you.
All you have to do is drop a mail to her email address -( chandalynvoss@gmail.com) i shared this to help someone, you can also share to help someone else too!!!