Saudi Stocks Had Their Best First Half in 16 Years: Chart
(Bloomberg) -- Saudi stocks wrapped up the best first half in 16 years, after rallying 26% in 2021 so far. Higher oil prices and government projects, including a program which aims to release 5 trillion riyals ($1.3 trillion) of private sector investment, have supported shares listed in the kingdom. The benchmark Tadawul All Share index is near a key level of 11,000 points and Junaid Farooq, a fund manager at Fim Partners in Dubai, suggests the positive sentiment has some momentum.
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