Mubasher Financial Services, one of the leading regional financial institutions in the Middle East, announced that MubasherTrade Research has launched a KSA Favorite List which highlights its top investment ideas across the Saudi market.
The list comprises 16 equally-weighted stocks, offering exposure to five sectors, namely, Consumer (2) Jarir, Shaker; Financials (4) Al Rajhi Bank, Riyad Bank, Samba Financial Group, Saudi Hollandi Bank; Industrials (3) Bahri, Saudi Ceramics, Saudi Steel Pipe; Materials (6) Hail Cement, SABIC, Sahara, Sipchem, Tasnee, Yansab and Telecom Services (1) Mobily.
Saudi Arabia revealed its intention to open up its $570billion stock market to foreign investors in H1 2015, after being restricted to GCC nationals, out of which foreign investors can only invest in Saudi shares through financial instruments, such as swaps and exchange-traded funds (ETFs).