Advertisement
UK markets close in 5 hours 31 minutes
  • FTSE 100

    8,116.95
    +38.09 (+0.47%)
     
  • FTSE 250

    19,830.39
    +228.41 (+1.17%)
     
  • AIM

    755.71
    +2.59 (+0.34%)
     
  • GBP/EUR

    1.1657
    0.0000 (0.00%)
     
  • GBP/USD

    1.2517
    +0.0006 (+0.05%)
     
  • Bitcoin GBP

    51,482.43
    +382.46 (+0.75%)
     
  • CMC Crypto 200

    1,392.22
    -4.31 (-0.31%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    83.93
    +0.36 (+0.43%)
     
  • GOLD FUTURES

    2,360.30
    +17.80 (+0.76%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,053.94
    +136.66 (+0.76%)
     
  • CAC 40

    8,034.82
    +18.17 (+0.23%)
     

Saudi Shares Are the Most Expensive Since 2015

Saudi Arabian stocks are trading at the most expensive level since 2015 relative to emerging markets as foreign investors continue buying into a potential status upgrade by MSCI Inc. as oil surges. The Tadawul All Share Index is trading at 15 times estimated earnings per share for the coming year, versus 12 times for the MSCI Emerging Markets Index. As of April 19, foreign investors were net buyers of Saudi stocks for the 16th straight week.