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Regional Bourses to Stay Bearish Ahead of Aramco IPO
November 6th, 2019 - 08:00 GMT

Regional Bourses to Stay Bearish Ahead of Aramco IPO

The regional bourses will stay bearish in the coming weeks, ahead of Aramco's IPO as retail investors will sell their holdings to raise cash to subscribe the Saudi giant's share offering, say analysts. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-a…","video_id":"a06ff7b5-e051-482b-ae88-2aba2a9cea1d","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Arab Countries in terms of Ease of Doing Business 2019"} It is believed that retail investors opt for profit-booking and sell their blue-chip shares portfolio as they are more liquid stocks. Most of the profit-booking ...
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