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The Kingdom’s Insurance Stocks Has Gone Through The Roof Since Women Started Driving
The Kingdom’s insurance stocks have risen on a multiplied scale on Sunday, with investors looking into the benefits of women driving and the lift of the ban. According to Arab News, insurance stocks were one of the worst performing sectors in Saudi this year, but the events on Sunday has ended things on a 2.4% higher performance.
Tawuniya even reached a surge of 1.1% higher since Sunday
Saudi’s largest insurer ended 1.1% higher on Sunday, and only ONE out of 33 listed insurance providers in the Kingdom closed on a low percentage.
What a jump!
The insurance sector is just one of many sects that will benefit from the lift of the ban on women driving
As part of the Kingdom’s Vision 2030, the reform on women driving was a decree declared by The Custodian of the Two Holy Mosques to increase women’s input in the Saudi workforce. By increasing the participation of women, this will also help Saudi be less dependent on oil revenues that will eventually aid the boost of its economic sector.
The insurance sector is just one of many sects that will benefit from this decree, however; it might remain under ‘pressure’, according to Arab News.
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