With the recent cash grab of Al Rajhi Bank Sukuk completed the issuance of SR10 billion ($2.6 billion) Tier 1 SR-denominated sukuk, with coverage of over 300%. Saudi Arabia’s main index TASI is suffering liquidity in the market.
TADAWUL:TASI
DATE VALUE TRADED...
Classic Channelling with a clear projection of short-term downfall; Major index funds are pressuring the end-of-year selling.
Markets are currently in the late stage of the business cycle; contraction will occur next and the S&P 500 target will be based on the data of the upcoming CPI and the Fed’s decision.
The Effects of Quantitative Tightening will begin to...
