The Saudi government has been spending billions to boost its stock market and counter selloffs that have followed political crisis'.
"According to a Wall Street Journal analysis of trading data and interviews with multiple people with direct knowledge of government intervention efforts, the Saudi government has placed huge buy orders, often in the closing minutes of negative trading days, to boost the market," the report says.
Evidently the moves are an open secret in Saudi Arabia but interesting nonetheless. The Saudi sovereign wealth fund owns 40% of the exchange's value.
picture: pixabay.com
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