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 key events that influenced the market movement on Wednesday and Thursday?

How did the prosecution's actions regarding the clerics impact market sentiment?

What expectations were set for the Q3 earnings numbers, particularly for petrol camps and banks?

What factors are expected to influence consumer stocks in the upcoming quarters?

Discuss the performance of Saudi markets in comparison to other emerging market indexes.