Saudi Stocks Jump Most Since 2020 on Plan to Relax Foreign Curbs

Saudi Arabia’s stock market surged — adding $124 billion to its market capitalization — after Bloomberg reported that the kingdom may soon ease foreign ownership limits for listed companies.

The Tadawul All Share Index jumped 5.1% on Wednesday, the most in more than five years, after a board member of the Capital Market Authority said majority foreign ownership could come into effect by the end of the year.