28/03/2012 19:52 AST

Money managers from Mark Mobius to John Burbank are bullish on Saudi Arabia, where stocks are producing the world’s best risk-adjusted gains in 2012 with lower volatility than longer-term U.S. Treasuries.

The BLOOMBERG RISKLESS RETURN RANKING shows the Tadawul All Share Index climbed 2.5 percent this year through yesterday after adjusting for price swings, the biggest advance among equity gauges in 73 nations, as oil rallied and speculation grew that the world’s biggest crude exporter will remove restrictions on foreign investors. Volatility in Saudi Arabia is the third- lowest among the world’s 25 biggest markets and dropped below that of the Bloomberg/EFFAS U.S. Government 10+ Year Index of long-term bonds for the first time since 1996.

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Bloomberg

Ticker Price Volume
QNBK 123.30 103,897
SABIC 100.87 2,504,855
MMG 0.00 0
CHEMANOL 7.11 932,192
ARNB 24.06 13,626
BURUJ 34.50 110,831
KCBK 12.00 1,889

TASI 7,326.32 6.48 (0.09%)

Market
P/E
Price/BookValue
Dividend Yield (%)
Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SABIC 100.87 0.11 (0.10%)
STC 71.32 -0.26 (-0.37%)
RJHI 67.88 0.29 (0.42%)
NCB 51.47 -0.96 (-1.84%)
SECO 23.65 0.12 (0.50%)
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