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Friday, 30 December 2016

Mideast funds see stocks rising in 2017; positive on Saudi budget | GulfNews.com

Mideast funds see stocks rising in 2017; positive on Saudi budget | GulfNews.com:
"Middle East fund managers have become more positive toward equities in the region as the new year begins because of higher oil prices and efforts by Gulf governments to cut their budget deficits, a monthly Reuters poll found.
The poll of 13 leading fund managers, conducted over the last week, found 62 per cent expect to raise their allocations to regional equities in the next three months and none to reduce them, the most bullish view of equities since February 2014, before oil prices began to plunge.
In last month’s poll, 43 per cent expected to increase their allocations to Middle East equities and 7 per cent to cut them."

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