沙特股市遭遇十年来最差一年 2026年前景仍不可乐观

Core Viewpoint - Emerging market stocks have rebounded strongly over the past year, but the Saudi stock market has significantly lagged behind, with expectations for little improvement in the coming year due to low oil prices and potential oversupply in commodities [1] Group 1: Market Performance - The Saudi stock market is expected to remain unattractive for investors, with analysts suggesting a reduction in holdings of Saudi stocks due to poor performance in earnings growth and development momentum [1] - The Saudi stock market has declined by 11% this year, marking the largest drop since 2015 [1] Group 2: Oil Price Dependency - The Saudi stock market remains closely tied to oil prices, which are projected to remain weak through 2026 [1] - Unlike most other emerging markets, the Saudi stock market is not expected to benefit from a weakening US dollar [1] Group 3: Analyst Recommendations - Citigroup analysts recommend investors to reduce their exposure to Saudi stocks, citing underperformance in key financial metrics [1] - Credit Suisse's emerging market equity strategist highlights the lack of attractiveness in Saudi stocks due to their dependence on oil prices and the broader market dynamics [1]