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Article: Investors monitor US stimulus plan.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- February 14, 2009
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Byline: Khalil Hanware
JEDDAH/AMMAN: The Saudi stock market remained volatile last week, led by the petrochemical, banking and telecom sectors.
The Tadawul All-Share Index (TASI) gained 1.11 percent last week, closing at 4,847.62 points.
The Riyadh-based Bakheet Investment Group (BIG) expected the attention of investors to focus in the coming week on the performance of US and other global stocks and their reaction to the US stimulus plan. "In case the reactions turn out to be negative, the impact will put down pressure on oil prices and consequently on the Saudi stock market," the BIG weekly report said.
The stock market turnover ...