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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (74948)	12/7/2006 6:48:31 AM
From: westpacific	Read Replies (1) of 110194

Saudi Arabia: Remember this: Bolstered by a surging economy, initial public offerings, new listings and a fast developing capital market, the Saudi stock market is growing at an unprecedented rate. Last year the Tadawul All-Share Index more than doubled from 8,206 in 2004 to 16,712 points and topped over 20,000. And note this: The high-tech market has been able to accommodate the huge expansion in the Tadawul's business in recent times. Over the last year transactions rose from 13,319,523 to 46,607,951 while the value of shares traded increased at the same time from a total 1.8 billion riyals to 4.1 billion riyals. And this is part of the problem! While there are fewer than 80 companies listed on the exchange High oil prices, substantial liquidity and a surging economy as well as self driven confidence are factors that continue to maintain a bull market and rapid development of the Saudi bourse. Investor confidence has also been boosted by the Kingdom's accession to the WTO and the huge reduction in public debt now down to less than 50 per cent of GDP. Go here and look at the numbers, so many companies down 90 plus percent in 1 YEAR, this is a bloodbath! tadawul.com.sa!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_4BD/_s.7_0_A/7_0_4BD Banking - down 44.80% Industrial - down 63.73% Cememt - down 36.21% Services - down 62.50% Electrical - down 52.29% Telecom - down 40.57% Insurance - down 23.95% Agriculture - down 52.94% If this is what the global markets are in store for, we are doomed............imagine the wealth that will be wiped out! West

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