Saudi stocks hit 6-year high; index breaches 11,000-mark

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https://s2.yimg.com/bt/api/res/1.2/8Pnr8E8EuuReJila7kuvmg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_AE/News/Arab%20News/140921104845.jpg (https://en-maktoob.news.yahoo.com/saudi-stocks-hit-6-high-index-breaches-11-073123560.html)*The Tadawul All-Share Index (TASI), which has surged around 12 percent since regulators an**unced plans to liberalize the Saudi stock market for foreign investment, closed above the 11,000-point mark on Wednesday. "The market continues to attract fresh liquidity which is positive for the uptrend in the medium term," commented John Sfakianakis, a Riyadh-based investment strategist. "Reaching 11,500 is an important level which should be reached later this year," he told Arab News. Expectations of strong global demand for petrochemicals supported the uptrend the Saudi Arabia's stock market on Wednesday, lifting the bourse to a fresh six-year high.




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