Saudi stock market hits a 7-year high after MBS’s interview

Lahore, 29th April: The Saudi stock market hit a seven-year high after Saudi Crown Prince Muhammad bin Salman’s interview.

Baaghi TV: Saudi Arabia’s Crown Prince Mohammed bin Salman has given an interview to state TV, which had a positive impact on the country’s stock market.

The main index of the Saudi stock market “TASI” reached 2.57% or 264 points at the end of trading on Wednesday after Prince Muhammad bin Salman’s interview went on air.

He said that Saudi Arabia wants good relations with Iran and that the extraordinary rise in Saudi Arabia’s stock market is the result of a discussion about the country’s economic growth and its positive performance.
During his interview, MBS announced plans to introduce public investment fund companies to the market and offer foreign investors a 1% stake in Aramco.

Saudi Arabia’s Crown Prince Mohammed bin Salman has expressed sympathy for Iran, saying recent secret talks between rivals in Baghdad have sought “good” relations.

The two countries are embroiled in a bitter rivalry for regional dominance, following the attack on the office of the Saudi diplomatic mission in Iran in 2016.

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