IPOs Signal Upbeat Investor Sentiment

Saudi Arabia's Tadawul All Share Index (TASI) has long been a regional favourite of ours. The market closed the day at 6,424 and we continue to target 6,578 - the TASI's Q409 high - over a short-term time horizon. A break through this level could presage further gains. On the downside, multi-month technical support comes in at around 6,

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