¶ … Saudi Arabian Stock Market
Measuring Consumer Confidence in the Saudi Stock Market?
The Saudi Arabian stock market is heavily dependent upon oil as a key to its survival. From 2001 to 2006 the Saudi stock market experiences incredible growth. In the last part of 2005 the price of oil outpaces the Stock Index. This caused a drastic drop in the Saudi stock market. There are many theories as to the reasons and effects of the fall. The survey indicated that the effects were not as wide as they were at one thought. The markets are driven by consumer confidence. A recent survey of Saudi students in attendance at American universities indicates that consumer confidence is high and indicates that the markets are likely to make a full recovery in the future.
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