Al Mal's El-Haddad: Careful Playing the Re-Opening Trade

The video discusses the Saudi market's strong performance due to oil price recovery and government spending, highlighting the benefits for banks and the social reform program. It advises caution in the materials, telecom, and consumer staples sectors. The reopening trade post-COVID is analyzed, emphasizing sticking with winning companies. The UAE market shows growth, with opportunities in communication services, banking, and real estate.

What factors have contributed to the strong performance of Saudi banks this year?

What is the outlook for earnings in relation to valuations in the Saudi market?

What are the concerns regarding the material sector in Saudi Arabia?

How has COVID-19 impacted business models in the market?

What sectors are recommended for investment in the UAE market?