Behold: ‘Proof’ That Markets Are Still Efficient.

On Tuesday, Saudi Arabia took a “bold” step: they decided to let women drive.

The move means the country will no longer hold the dubious title of being the only place on the face of the planet that bans women from getting behind the wheel of a car.

Congrats…

Well as it turns out, that had an immediate impact on one very specific corner of the Saudi stock market: the insurance space.

Behold: “efficient markets” at work…

Insurance

Again: who said markets are no longer efficient?

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