Saudi Banks, Petrochemicals Favored, Emirates NBD Asset Says

The video discusses unexpected market movements on Wednesday and Thursday, which were not aligned with local or EEM markets. It highlights news events like the prosecution of clerics and Prince Ahmed's meeting with protesters, which were not significant enough to cause such market reactions. The market's decline seemed more like a liquidation or block trade. The video also examines ATM data showing strong sales numbers and anticipates Q3 earnings, expecting strong performance from petrol camps and banks despite seasonal effects. Saudi's market remains up 7% for the year, contrasting with a decline in emerging market indexes.

What were the two main news events mentioned that occurred during the unexpected market movements?

• Prosecution of clerics and a meeting with protesters

• A significant technological breakthrough and a sports event

• A major corporate merger and a political election

• A new trade agreement and a natural disaster

What was the market's initial reaction to the events discussed in the first section?

• A gradual decline over several weeks

• A significant drop followed by a recovery

• A steady increase in market value

• No noticeable change in market trends

What is the expected performance of petrol camps in the upcoming Q3 earnings?

• Strong performance both quarter on quarter and year on year

• Weak performance both quarter on quarter and year on year

• No change in performance compared to previous quarters

• Decline in performance due to seasonal effects

How is the Saudi market performing relative to other emerging market indexes?

• No change for the year

• Up 15% for the year

• Up 7% for the year

• Down 11% for the year

What is the outlook for consumer stocks according to the analysis?

• Immediate growth expected in the next quarter

• Continued stagnation for several more quarters

• Immediate recovery expected due to new policies

• Rapid decline expected due to market conditions