A mixed bag for Saudi companies in Q4 earnings | ZAWYA MENA Edition:
"Earnings for Saudi equities (except financials) is expected to be largely tepid in the final quarter of 2017. Petrochemical sector profitability is likely to be mixed on a sequential basis in Q4. Companies with fixed feedstock costs will benefit from higher product prices, while companies with market-linked raw material prices will see contraction in margins due to sharper increase in feedstock costs. Retail sector companies under coverage will see sluggish growth compared to the same period last year due to lower consumer spending, though reinstatement of public sector salaries will have some positive impact."
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