Market Summary

Banks flatten as bad debts from oil/gas sector concerns are shaking the local market, amidst US indices hitting record high this week and US hinting on rate hikes.”

Energy industry will continue struggling despite the positives from oil prices. While it’s still early to tell, volatility should be expected for at least the next 6 months.”

“With FCL and Capitaland reporting larger net profit, developers see stabilisation in the residential market as new sales rose last year, positive signs that market is picking up.”

 

 

Image Credit: http://saudigazette.com.sa/wp-content/uploads/2017/01/Economy_20_5.jpg
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