JP Morgan upgrades Tadawul to 'Overweight' from ‘Neutral’

27/10/2023 Argaam
Tadawul trading screen

Tadawul trading screen

JP Morgan, a leading global brokerage firm, upgraded the Saudi Exchange (Tadawul) rating to "Overweight" from “Neutral”, Reuters reported.

 

The upgrade was driven by several factors, such as higher oil prices.

 

Tadawul All Share Index (TASI) has headed south since the end of July, falling to the lowest level in seven months.

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