Analyst view: Saudi Arabia's Vision 2030 reform plan | Reuters

Analyst view: Saudi Arabia's Vision 2030 reform plan | Reuters:

"ALI AL NASSER, FUND MANAGER AT LONDON-BASED DUET GROUP, WHICH HAS MORE THAN $1 BILLION INVESTED IN MIDDLE EAST AND NORTH AFRICAN STRATEGIES

The question is now again about execution. He said all of the right things, it is a matter of putting it all to work, and he seems to be very keen and very focused and all else being equal, there is pretty strong momentum behind it, and locally there is strong support for his agenda.

In terms of the stock market’s reaction – the market reacted positively to the interview and some of the headlines that have been coming out. The one take-away is that the move was restricted to the blue-chips in the market – large banks, large petrochemicals. Interestingly enough, the sectors that probably people were positioned in, in terms of expectations like for example healthcare, those did not move much higher during the interview or after the interview."



'via Blog this'