KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
Saudi Arabia buys US$ 7.7 billion worth shares in some of the world's most famous companies
DUBAI: During the global economic crisis caused by the corona virus, Saudi Arabia’s sovereign wealth fund, has invested heavily in the world's leading companies.
According to Arab News, the Saudi Wealth Fund has bought more than seven billion dollars worth of shares in the world's best companies.
The Saudi company, worth more than 300 billion, has invested heavily in the world's leading companies, including Boeing, Facebook, Disney, Marriott and Starbucks.
Stock market analysts say the massive investment by the Saudi Wealth Fund is a sign of confidence that the companies badly affected by the Corona crisis will soon emerge from the crisis and their share prices will rise.
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