The Traderszone Network

Published in TZ Latest News 22 July, 2014 by The TZ Newswire Staff

Saudi to open $531 billion stock market to foreigners

Saudi Arabia (SABIC) will open up its stock market to foreign investors in the first half of 2015, providing greater access to the Arab world’s biggest exchange. The Capital Market Authority will publish next month rules for participation by qualified foreign financial institutions in the market, the regulator said in a statement on its website. The Tadawul All Share Index surged 3 percent to 10,046.64, the strongest level since May 2008, as of 12:21 p.m. in Riyadh.

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