MIDEAST STOCKS-Foreign investment plan may lift Saudi market

April 19, 2015 5:45 AM

63 0

DUBAI, April 19 (Reuters) - Saudi Arabia's stock market may rise on Sunday after the regulator said it would open the bourse to direct foreign investment from June 15. Strong oil prices may also support investor sentiment across the Gulf.

The kingdom announced last July that it would permit direct foreign purchases of shares in the first half of 2015, as a way to expose companies to market discipline, diversify the economy beyond oil and create jobs.

Also read: U.S. motor travel up 1.5 percent in April from year ago: DOT

Read more

To category page

Loading...