The stability of oil prices that remained constant up until the September 11 attacks on the United States had a positive impact on the Saudi Stock Exchange, reported Al Hayat. The launch of the new Tadawul exchange system on the market, which enables investors to buy and sell stocks on the same day, also had a positive effect on the Saudi Securities Market. Nevertheless, the war in Afghanistan and declining oil prices following September 11 had negative impacts on the market. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
