Local funds positive on Saudi Arabia after corruption crackdown - The National:
"Middle East fund managers have become more positive towards Saudi Arabian equities after authorities launched a sweeping crackdown on corruption, a monthly Reuters poll showed on Thursday. Forty-six per cent of funds now expect to raise their allocations to the Saudi stock market in the next three months and none to reduce them, according to the poll of 13 leading managers, conducted over the past week.) That is the most bullish bias towards Saudi stocks since July, and compares with ratios of 31 per cent and 8 per cent in last month's poll, just before the purge was announced."
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