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Saudi Stock market
Essay specific features
Written by:
Ellen E
Date added:
February 27, 2016
Level:
University
Grade:
A
No of pages / words:
4 / 869
Was viewed:
4644 times
Rating of current essay:
Essay content:
As a "closed-end" fund, SAIF limited foreign money in the
Saudi market to the $250 million initial size of the fund when launched in
1997.
The combination of this news, the continued strength of oil prices, and
the drumbeat of economic reforms being announced in Riyadh, has
given a strong boost to the Saudi market...
displayed 300 characters
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Before the Minister's
announcement, the market had already moved up about 20 percent for
the year so far. Since the announcement, the market has added another
10 percent gain so the market at this writing is up over 30 percent in
1999. Volumes of trading have also grown. Through mid-November,
days when 6 million shares have traded have been common, whereas
the averages trading day was under a million shares for the first half of
the year...
displayed 300 characters
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