Mideast funds turn more positive on Saudi equities | Reuters:
"Middle East fund managers have become more positive on Saudi Arabian equities after valuations dropped and because of signs that oil prices may be bottoming out, a monthly Reuters survey shows.
Late last year, managers became bearish towards the Arab world's biggest stock market as low oil prices damaged the government's finances, making major austerity measures inevitable. In last month's survey, 29 percent said they expected to raise their Saudi equity allocations over the following three months and 21 percent to cut them.
But in the most recent survey of 14 leading fund managers, conducted over the past 10 days, 43 percent said they expected to boost their allocations to Saudi stocks - the highest figure since February 2015. Only 7 percent anticipated reducing allocations."
'via Blog this'
No comments:
Post a Comment