VOL. XLII
No 51
20-December-1999
SAUDI ARABIA
Saudi Banks Outperform Market Index For 3Q 1999
The latest market report issued by Jiddah-based NationalCommercial Bank (NCB), Saudi Stock Market (July-September, Issue No. 3.Vo.l. 2.), shows that for 3Q 1999, Saudi banking stocks outperformed themarket index, rising by 24% since the start of the year compared to 19% for themarket as a whole. "Based on the latest earnings figures, the price toearnings ratio for the market stood at 29 times, while it...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!