Credit Suisse's Fahd Iqbal on Saudi Index Winning Streak

The video discusses the performance of the banking sector, highlighting the impact of loan deferrals and the recent outperformance driven by a few banks. It analyzes the Saudi market, focusing on the Public Investment Fund's (PIF) role and the economic stimulus it provides. The outlook on the oil market is explored, with price targets and supply-demand dynamics discussed. Finally, trends in the Dubai market are examined, emphasizing investment strategies and the speculative nature of current investments.

What has been the primary driver of recent outperformance in the banking sector?

• Loan deferrals

• Increased interest rates

• Government policies

• A handful of specific banks

What is the main reason the Middle East region does not benefit from the steepening of the yield curve?

• Dependence on government expenditure

• High foreign investment

• Strong private sector growth

• High inflation rates

How much has the PIF raised from a credit facility to stimulate the economy?

• 10 million

• 20 million

• 25 million

• 15 million

What is the expected target price for Brent oil in the next 3 months?

• 60

• 65

• 75

• 70

What is the main factor contributing to the tightness in the oil market?

• Increased production

• Currency fluctuations

• Restricted supply

• Decreased demand

Which sector in Dubai has shown the highest year-to-date return?

• Commercial Bank of Dubai

• Emirates NBD

• Emirates Refreshments

• Dubai Insurance

What investment strategy is advised for the Middle East market?

• Invest only in government bonds

• Invest heavily in speculative stocks

• Focus on recovery and cyclical areas

• Avoid all investments