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Sixty percent of fund mangers said they would decrease their investments in Saudi Arabia, displaying bearishness that has carried over from last month.
August 29th, 2019 - 10:17 GMT

Saudi Stocks Plummet as Funds Turn Bearish

Saudi Arabia's stock market fell sharply on Wednesday with all its banking shares dropping as receding fund inflows dampened investor appetite on a day when second phase of Saudi stocks joined the MSCI emerging markets index. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-3…","video_id":"332b5940-4475-4223-8145-3ae1440e586c","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 countries in the world to visit"} EFG Hermes said in a note on Wednesday the investment case for Saudi banks is no longer 'compelling' in their view on the backdrop of receding ...
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Saudi Arabia attracted more than $4.5 billion in foreign equity inflows in May and $2 billion in the first three weeks of August.
August 29th, 2019 - 09:50 GMT

Saudi Arabia Attracts $18 Billion in Foreign Equity Inflows

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