KSA Stock Market Outlook 2016

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The year 2015 was challenging for KSA economy, with the decline in oil prices impacting its economic growth. Standard & Poor’s cut KSA sover.....

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The year 2015 was challenging for KSA economy, with the decline in oil prices impacting its economic growth. Standard & Poor’s cut KSA sovereign credit rating for long-term foreign and local currency by one notch to 'A-plus/A-1'. The slowdown of Chinese market exerted more pressure on the Tadawul market performance, to the already contracting market due to lower oil prices causing it to decline by c.17% during 2015. KSA took some positive steps towards liberalizing its market by allowing direct participation of foreign institutions in Tadawul which commenced from June 15, 2015. 

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KSA Stock Market Outlook 2016

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