Flourishing Saudi economy driving Tadawul performance
It is important to highlight that the surge in optimism fueling the current rise of Tadawul All-Share Index (TASI) is not based wholly on speculative gain or positive sentiment, it is also due to a flourishing Saudi economy, which is underpinned by strong economic fundamentals, according to Jadwa Investment.
Tadawul trajectory sends regional markets upward
Most markets in the region look bullish on Wednesday after Saudi Arabia quickly recovered from a profit-taking bout and Abu Dhabi hit a nearly three-month high.
Saudi market vulnerable to further profit-taking
Saudi Arabia's bourse looks vulnerable to further profit-taking on Tuesday after ending an extended upswing in the last session.