The appraisal of ordinary shares by Saudi investors

K. A. Al-Abdulqader, G. Hannah, D. M. Power

    Research output: Contribution to journalArticlepeer-review

    18 Citations (Scopus)


    This paper reports on a questionnaire survey about share valuation practices among investors and their intermediaries in Saudi Arabia. The findings suggest that fundamental analysis is used most by investor respondents where a P/E multiple is applied to an earnings forecast to generate a prediction of future price. However, technical analysis is also used to a much greater extent than in developed markets. Finally, the results indicate that quarterly and annual reports as well as newspapers are widely consulted by investors when forming their expectations about share valuations.
    Original languageEnglish
    Pages (from-to)69-86
    Number of pages18
    JournalResearch in International Business and Finance
    Issue number1
    Publication statusPublished - 2007


    • Financial shares
    • Saudi Arabia


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