Middle East Economic Survey

VOL. LIII

No 9

01-March-2010

SAUDI ARABIA

Jadwa Cites Low Confidence As Source Of TASI Underperformance

A lack of confidence, the small role of institutional investors and a general lack of investor awareness of economic conditions were the main factors underlying the underperformance of Saudi Arabias Tadawul All Shares Index (TASI) in 2009, according to a new report from Jadwa Investment Bank. Despite a stronger economic performance than in other...