Middle East Economic Survey


No 27



Saudi Market Upturn Continues Ahead Of 2Q Results

The upturn in the Saudi stock market continued last week as the general index climbed 511 points to close at 13,145.26 points at the end of trading on 29 June, following similar gains the previous week. The rise reflects expectations of positive second quarter corporate results, despite the recent sharp correction in the Saudi and other Gulf markets, say analysts. With market confidence...