Saudi Arabia ETF Jumps on ‘Vision’ of Oil Reforms
April 25, 2016 at 13:56 PM EDT
The Saudi Arabia country-specific exchange traded fund surged Monday on prospects the kingdom will enact economic reforms to gradually diversify away from its reliance on crude oil. The iShares MSCI Saudi Arabia Capped ETF (NYSEArca: KSA) rose 4.9% on Monday. KSA increased 18.2% over the past three...