Saudi Arabian Stocks Enter Bull Market After Crude Recovery
- Tadawul All Share Index joins gauges in Dubai, Abu Dhabi
- Kingdom this month to set out vision for Saudi Arabia's future
Trading Emerging Markets on an Oil Market Comeback
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Saudi Arabian stocks entered a bull market after the price of crude, the kingdom’s main source of revenue, climbed above $45 for the first time this year.
The Tadawul All Share Index added 1.2 percent at the close to take its gains since a January low to 21 percent, above the threshold of a so-called bull market. The benchmark gauge for the Arab world’s biggest bourse follows measures in Dubai, Abu Dhabi and Qatar, which all passed the milestone this year.