DDAV Analytics` latest equity analysis of the Saudi Arabian market
Released on: October 28, 2008, 12:08 am
Press Release Author: DDAV Analytics
Industry: Financial
Press Release Summary: DDAV Analytics' latest weekly global equity report along with a detailed analysis of the Saudi Arabian market focusing on the economic indicators, stock market movement and the sector breakdown.
Press Release Body: The "Market Telescope" is a weekly global equity report published by Dawnay Day AV Analytics.
This report provides a consolidated view of the global stock markets, including comparative index movement, best and worst performers, high dividend yield, high growth and value stocks. It also offers an insight into equity markets of particular countries on a weekly basis (as per the schedule mentioned therein). This week, the report focuses on the Saudi Arabia and highlights the country's key economic indicators, stock market movement and sector breakdown, along with their movements, best and worst performing stocks and much more.
Since August 2008, Saudi Arabia's Domestic Index (MSSARDL) plunged 34.2%, and since last one month, Saudi Arabia's Tadawul All Share Index (TASI) plummeted 28.4%, as global equity markets and crude oil prices continued with their downward trends. Saudi Arabia is one of the largest exporters of crude oil and the global easing of oil prices coupled with falling demand for crude, due to rising fears of global economic slowdown has weighed heavily upon its stock market. However, the Central Bank of Saudi Arabia is quite confident about the economic growth prospects and financial health of the country, and correlates the recent downturn as being relative with the rest of the world. With the government supporting global efforts to shore up the financial system by policy easing and willing to inject money in the country's financial institutions when the need arises, the current market turmoil is expected to be short lived and the country is likely to have a stable growing market in 2009.
Next week, the Market Telescope will cover South Africa. This report can act as an important reference guide for investment professionals to trigger fresh investment ideas.
In addition to the Market Telescope, we have also been releasing "The US Bond Weekly". This weekly report provides a snapshot review of the current US Money, Bond and Credit Market. It also aims to highlight the key drivers for the fixed income markets through graphs and charts. The US Bond Weekly can be accessed at our company website at www.ddavanalytics.com.
About DDAV Analytics
DDAV Analytics is a key emerging company in the fast growing knowledge process outsourcing (KPO) sector in India with a clear focus on financial research and analytics. The company which has extensive capabilities ranging from simple data-compilation to comprehensive financial research, analysis and modeling, offers its services either in the form of exclusive or non-exclusive teams of analysts. The company has a proven track record in the financial research domain and has enabled its clients to enhance business productivity at marginal costs and unleash potential of driving revenue growth.
Please contact John Panga on +91(0)22 28276801 for further details regarding the company's services.
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