Saturday, 2 August 2008

Saudi Arabian stocks decline for seventh straight day

As the Saudi Arabian stock market corrects on the retreat in oil prices, Goldman Sachs have bought out a report saying it's more than possible that Saudi Arabia's weekly revenues from the sale of oil could reach more than $13.5bn a week (assuming oil gets to $200 a barrel).

2 comments:

guddsnair said...

Saudi's exchange is set to disclose shareholding exceeding 5% w.e.f 16th of this month.. this has triggered selling .. over 90% of the market actvity is retail driven...

Frontier Markets Blog said...

Thanks. In the long run, disclosure is a good thing.