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To: orkrious who wrote (74948)12/7/2006 1:16:01 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Junior Miner Picks & Comments
globaleconomicanalysis.blogspot.com
Mish



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



To: orkrious who wrote (74948)12/7/2006 4:14:33 PM
From: SouthFloridaGuy  Read Replies (3) | Respond to of 110194
 
Putting all EM in one basket is typical of the crap you spew, especially because a lot of what used to be considered EM (Korea, Taiwan, etc.) has been regraded.

The Saudi market is falling for its own distinct reasons, namely because it was a bubble which was clearly evident by its valuation. Those types of valuations are nowhere present except maybe India which is rallying for much different reasons than Saudi.

Every dip of 10% in the space is a huge buying opportunity which will see major profits within 6 months.

Exactly how much have you lost people in missed profits due to your incessant bearish prognostications, enquiring minds want to know??



To: orkrious who wrote (74948)12/8/2006 3:10:16 PM
From: re3  Read Replies (1) | Respond to of 110194
 
what sort of stocks are actually in the saudi index ?