|Bid||33.99 x 900|
|Ask||34.00 x 900|
|Day's Range||33.92 - 34.19|
|52 Week Range||27.06 - 35.66|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.20|
|Expense Ratio (net)||0.74%|
As Saudi Arabia is experiencing exponential economic growth, it can utilize its surplus capital by reinvesting in disruptive technologies like artificial intelligence (AI). The country has long been a beneficiary of its vast oil reserves, but AI could help realize areas where it can diversify its economic growth. "The United Arab Emirates (UAE) and Saudi Arabia have long-enjoyed abundant hydrocarbons reserves, granting them a prominent place in world markets and a strategic position in regional and global geopolitics," wrote The Economist's Economic Intelligence Unit.
The iShares MSCI Saudi Arabia ETF (KSA) rose 0.75 percent on Wednesday and with good reason--index provider MSCI plans to add more Saudi Arabia stocks to its indexes--namely the MSCI Emerging Markets Index and MSCI All Country World Index. This will help diversify the emerging markets index, which currently has a large tilt towards China and South Korea. After the inclusion of Saudi Arabia stocks, the total allocation towards the country will be at 2.6 percent.
Saudi Arabian stocks are into a second year of being among the best performers in the developing world. Stocks there are rallying on the back of recent announcement by index provider MSCI that when Saudia ...
Amid speculation that some stocks in Saudi Arabia would be added to the MSCI Emerging Markets Index, the iShares MSCI Saudi Arabia ETF (NYSE: KSA ) was one of 2018's best-performing single-country exchange ...
The iShares MSCI Emerging Markets ETF (NYSE: EEM) actually outperformed the S&P 500 by nearly 2.5 percentage points in January. For emerging market investors, this recent rally is sorely needed as EM equity took a beating in 2018. Using the Emerging Markets Stocks ETFs Q-Folio—an AI-based portfolio model from research platform Quantamize—we can see which emerging markets we should consider going over- or underweight in our portfolios.
Saudi Arabia's plans for an economy moving beyond its oil wealth are in doubt after the kingdom's less-than-credible, shifting narrative about the death of journalist Jamal Khashoggi. Crown Prince Mohammed bin Salman's most ambitious projects, including the planned smart city known as Neom, are now considered to be at risk as more overseas investors face public pressure and concerns about Saudi progress. A photograph of the son of slain Saudi journalist Jamal Khashoggi shaking hands with Saudi Arabia's Crown Prince Mohammed bin Salman was released earlier this week.
Saudi Arabia country-specific exchange traded funds were among the best performers Thursday, paring some of the latest political risk-off selling, after the kingdom posted strong corporate earnings and investor sentiment improved on the prospects of increased investments in the emerging economy. On Thursday, the iShares MSCI Saudi Arabia Capped ETF (KSA) gained 5.5%, and the ETF was testing both its short- and long-term resistance at the 50- and 200-day simple moving averages. Investors can also take a look at the recently launched Franklin FTSE Saudi Arabia ETF (FLSA) for a cheap way to access the Saudi Arabia market.
Saudi Arabia ETFs climbed Tuesday on the potentially reduced risk of U.S. punitive action as the kingdom may acknowledge journalist Jamal Khashoggi disappeared due to a botched investigation. Saudi Arabia ETFs were among the best performers Tuesday, with the iShares MSCI Saudi Arabia Capped ETF (KSA) up 5.8%. Investors can also take a look at the recently launched Franklin FTSE Saudi Arabia ETF (FLSA) for a cheap way to access the Saudi Arabia market.
Saudi stocks suffer a major slump due to the disappearance of Saudi journalist Jamal Khashoggi, putting related ETF in focus.
ISHARES Tr/MSCI SAUDI ARABIA E (NYSE: KSA) and the United States Oil Fund LP (NYSE: USO) dropped Monday after Saudi Arabia threatened the U.S. with “stronger” retaliation if sanctioned for the disappearance of Washington Post columnist and U.S. resident Jamal Khashoggi. Khashoggi, a journalist critical of the Saudi government, disappeared last week after a visit to the Saudi consulate in Istanbul, and Turkish officials soon accused Saudi agents of murder and dismemberment. The Saudi embassy to the U.S. said it was making no changes no changes to its policy of excluding oil from diplomatic negotiations, and the Saudi energy minister pledged stability in the oil market.
Foreign equity ETFs continue to lag U.S. stocks this year as investors favor domestic plays and pull money out of many international funds.
Saudi Arabia is the world's top-performing stock market in 2018, but its long-term vision of building a global financial center is moving slowly. In addition to mounting skepticism about the high-profile IPO of a 5 percent stake in Saudi Aramco, the country needs to deliver on small, steady steps of reform in tax and legal codes to spur more foreign investment and build a society open enough to draw a global expat community. While it's working hard to diversify and modernize its economy, Saudi Arabia is stumbling in its effort to establish a financial center in the kingdom.
It was the tweet heard around the U.S. capital markets last week when Tesla co-founder and CEO Elon Musk announced he was mulling the idea of taking the Palo Alto, California-based company private. Apparently, it was also the tweet heard around the world as Saudi Arabia's Public Investment Fund is purportedly one of the suitors vying to get a piece of Tesla, which could be beneficial for one particular ETF--the iShares MSCI Saudi Arabia ETF (KSA) . Musk used Tesla's company blog as a sounding board for this latest development, citing that Saudi Arabia approached him on more than one occasion.
Investors might find opportunities amid the rubble of the Turkish lira, but the key is being selective, Chantico Global's Gina Sanchez says.
The iShares MSCI Saudi Arabia Capped ETF (KSA) has been among the better performing emerging markets this year, rising 19.4% year-to-date. Saudi Arabia declared Canada's ambassador, Dennis Horak, persona non grata and expelled him after Canada's Foreign Ministry censured Saudi Arabia for arresting human rights activists, reports Margherita Stancati for the Wall Street Journal.
For a variety of reasons, emerging markets stocks and the corresponding exchange traded funds (ETFs) are being punished this year. The widely followed MSCI Emerging Markets Index is lower by nearly 7% year-to-date and some funds tracking developing economies are sporting significantly worse 2018 losses.
In ending its ban on female drivers, the Saudi Arabian government has implemented a change that many believe will lead to significant positive impacts on the kingdom's economy. The end of the ban, effective June 24, 2018, is a part of the kingdom's Vision 2030 program of reform. Other aspects of Vision 2030 are focused on human rights.