Poll: Mideast funds wary, not bearish on Saudi | ZAWYA MENA Edition

Poll: Mideast funds wary, not bearish on Saudi | ZAWYA MENA Edition:

Middle East funds have become more wary but not outright bearish toward Saudi Arabia's stock market because of concern over the fallout from the killing of Jamal Khashoggi, a monthly Reuters poll showed on Wednesday.

Foreign investors, including those from other Gulf states, were net sellers of Saudi equities for most of this month, partly because of fear that Khashoggi's death could damage Saudi ties with the West and conceivably lead to economic sanctions.

Gulf investors sold a net $147 million of Saudi stocks last week, after net sales of $98 million in the previous week and $28 million in the week before that, according to exchange data.