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Article: Investors keep eye on Saudi budget.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- December 20, 2008
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Byline: Khalil Hanware
JEDDAH/AMMAN: Saudi shares were volatile last week, but the Tadawul All-Share Index (TASI) gained 5.35 percent since the resumption of trading last Saturday after a week-long Eid Al-Adha holiday. TASI closed week at 4,903.81 points, which represents a 55.5-percent decline since the beginning of the year.
The Riyadh-based Bakheet Investment Group (BIG) said in its weekly report investors are anticipating companies announcements of dividends, that will halt profit making in the short run, in addition to the government's annual budget that should be released this week, which will help investors evaluate the best performing companies ...