CMA chief urges share purchase
Saudi Arabia: Sunday, November 12 - 2006 at 15:03
Abdulrahman Al Tuwaijri, Head of the Saudi Arabian Capital Market Authority, has urged investors to start buying up shares at bargain prices in a bid to halt a major slump in the country's stock market, reported Reuters. The fall, which has seen the bourse drop by nearly 25% in little more than a fortnight, has meant that the price to earnings ratio for a number of shares is now very attractive.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 12 - 2006 at 15:03 UAE local time (GMT+4)
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This Article was updated on Thursday, November 16 - 2006
Index : Finance and Economy
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