Not ‘super bullish’ on Saudi stocks — UBS:
Saudi Arabia’s Tadawul index has been the best performing regional index so far in the year, but investment bank UBS says this is not enough to make the financial institution “super bullish” on the gauge.
The Tadawul index has gained 8.94 per cent since January 1, outperforming the Dubai Financial Market general index, which has risen only 2 per cent, with most of the recovery seen in February.
The Abu Dhabi Securities Exchange was one of the best performing stock indices last year, mainly to a surge in banking stocks due to a merger.
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