The Saudi Council of Ministers has instructed authorities to take all the needed steps to stabilize the local stock market after it plunged several times during the past two months. “The Cabinet instructed the concerned authorities to adopt all measures to bring order to the market, improve its performance and deal with all influencing factors,” the Saudi Press Agency reported, quoting Culture and Information Minister Iyad Madani.
It also announced that the Kingdom would continue with its policies aimed at expanding investment opportunities.