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).
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2 comments:
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...
Thanks. In the long run, disclosure is a good thing.
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