抖阴短视频

DUBAI: Middle East fund managers have become more positive toward 抖阴短视频n equities after authorities launched a sweeping crackdown on corruption, a monthly Reuters poll showed on Thursday.
Forty-six percent of funds now expect to raise their allocations to the Saudi stock market in the next three months and none to reduce them, according to the poll of 13 leading managers, conducted over the past week.
That is the most bullish bias toward Saudi stocks since July, and compares with ratios of 31 percent and 8 percent in last month鈥檚 poll.
The crackdown alarmed the stock market because of its potential to damage the economy and undermine companies linked to suspects.
As a result, foreign investors were net sellers of stocks in the first three weeks of this month, exchange data shows. They were also concerned by rising tensions between 抖阴短视频 and Iran, fueled by instability in Lebanon.
But many fund managers said they were looking past the short-term instability caused by the corruption crackdown to possibilities created by 抖阴短视频鈥檚 economic reform program, including privatizations, big new development projects and the plan to lift a ban on women driving next year.
鈥淭he crackdown on corruption that we witnessed earlier this month, along with escalated tensions between Iran and Saudi, pushes us to be cautious about our overall Saudi exposure,鈥� said Dubai鈥檚 Arqaam Capital.
However, it added: 鈥淪hort-term uncertainties are concerning, but our long-term view is net positive when putting together reform initiatives and liberalization efforts.鈥�
The non-oil part of the Saudi economy is barely growing this year and is not expected to fare much better next year because of the planned introduction of a 5 percent value-added tax.
But the government is expected to increase spending on development projects moderately in 2018 鈥� perhaps relying in part on funds recovered in the corruption crackdown 鈥� so some funds are starting to look toward an economic recovery in 2019.
Sachin Mohindra, portfolio manager at Abu Dhabi鈥檚 Invest AD, said that while economic, regulatory and social reforms in the region as a whole would sustain growth in the long term, for now 鈥渨e expect regional investors to continue to exercise a lot of caution and volumes to remain subpar relative to history.鈥�