The Saudi stock market continued its positive drive for the third consecutive week, witnessing the long-term upward trend last week.
Growth prospects as a result of Capital Market Authority's (CMA’s) decision of market opening to direct foreign investment in June tended to attract a pack of investors.
A considerable amount of volume two billion shares exchanged hands on the Saudi stock market, a weekly growth of 30.7 percent.
Bulls continued to pump more and more liquidity, which rose to a significant level of SR56.1 billion, up 41.7 percent over the previous week.
The benchmark Tadawul All-Share Index set out with a highest one-day settle (four percent) of the year, which remained almost intact. The index logged a weekly gain of 3.93 percent or 363.4 points to finish at 9,614.61.
The 23rd edition of Saudi International Exhibition for Furniture and Interior Design will be held from April 29 to May 5.
"The event showcases modern and exclusive products offered for the first time by international companies before bringing them to the local market. It aims to survey the visitors’ opinions on the products, and attract local investors,"