The recent rally in the Saudi market is fuelled by investor optimism and a strong performance outlook in 2012.
Though the recent sharp increase in trading volume and value appears confusing considering only a slight improvement in most of the factors such as macroeconomic concerns and corporate outlook, we continue to believe that the markets are forward looking and hence have already discounted the potential negative news flow.
Retail participation in the speculation activity remains the primary rally driver coupled with positive news flow. Bankers and brokers have confirmed that a lot of transfers were completed from current and saving accounts to brokerage accounts.
No comments:
Post a Comment