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Message: <blockquote data-quote="bronson" data-source="post: 6262" data-attributes="member: 1148">This Wall Street Journal article describes how apparently when the Tawadul (the Saudi stock exchange) has experienced a particularly bad day of trading (mostly during political crises) the government pumps billions into money market managers funds who do not have an obligation to disclose who their clients are. These managers then buy up the fallen stocks in the hours before the market closes to try and disguise any market downturn for that day. This is in order to bolster the impression that the Tawadul is a safe choice for foreign investors to trade in - one of the pillars of MSB's modernisation of Saudi Arabia and the movement away from oil dependency.<a href="https://www.wsj.com/articles/saudi-arabia-pumps-up-stock-market-after-bad-news-including-khashoggi-murder-11544727772?ns=prod/accounts-wsj" target="_blank">https://www.wsj.com/articles/saudi-arabia-pumps-up-stock-market-after-bad-news-including-khashoggi-murder-11544727772?ns=prod/accounts-wsj</a></blockquote>

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