A trader monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015. REUTERS/Faisal Al Nasser
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Saudi Arabia opened one of the world's most-restricted stock markets to foreigners for the first time Monday.Its stock market is bigger than all the bourses in the six-nation Gulf Cooperation Council combined.Holdings in a single equity for one qualified foreign investor are capped at 5 percent, and there's a 20 percent ceiling for all QFIs in any one stock.Can foreigners buy any stock?The companies are Makkah Construction & Development Co., Jabal Omar Development Co., Medina-based Taiba Holding Co., Knowledge Economic City Co., Saudi Real Estate Co. and The National Shipping Co. of Saudi Arabia.Growth in the nation's $752 billion economy may slow to 2.5 percent in 2015 from 3.6 percent last year, according to economist estimates compiled by Bloomberg.The 170-member Tadawul All Share Index fell 0.9 percent Monday after posting its biggest increase in almost two months Sunday.
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