Optimism for the continued gains of the Saudi stock market in the first quarter of 2023

Optimism for the continued gains of the Saudi stock market in the first quarter of 2023
Optimism for the continued gains of the Saudi stock market in the first quarter of 2023

A survey of fund managers in Saudi Arabia conducted by Al Rajhi Capital showed continued cautious optimism in the performance of the Saudi stock market in the first quarter of 2023, which is consistent with their opinions in the survey conducted last August.

According to the survey, about 60% of the respondents expected that the returns of the Saudi stock market will be in the positive range in the first quarter of next year, of whom 23% expect to achieve gains of more than 5%.

In terms of sectors, the banking sector in the Saudi market remained the favorite for fund managers in the first quarter of next year, while the information technology and technology sector ranked second.

The least attractive sectors – according to the survey – were the petrochemical sector, followed by the retail sector.

Among the most prominent points of the “Al-Rajhi” survey, is the preference of fund managers for fixed income instruments as an investment class, as it received votes equal to the votes obtained by stocks when it came to allocating portfolios.

The article is in Arabic

Tags: Optimism continued gains Saudi stock market quarter

PREV Maalot downgrades G City and Norstar: “failed to reduce leverage”
NEXT Gold prices today rise by 25 pounds, and 21 karat records 1410 pounds