ABDULLAH AL-SUWEILMY, the general manager of the Saudi Stock Exchange, has the air of a contented man. For although there are periodic bouts of profit-taking in the market, there seems to be no end to the boom in equities and the positive developments look set to continue as more companies line up to make initial public offerings.
The figures for the first quarter of the year ? which is normally a quiet time in the Saudi equity market ? make breathtaking reading.
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