Year-to-date macroeconomic data has shown signs of weakness, leading to softness in lower-quality and economically sensitive market segments, while a narrow selection of high-quality mega-cap stocks has driven performance.
“This backdrop syncs with our long-standing view that the current policy mix of heavy fiscal and higher front-end rates is effectively crowding out many economic participants,” they added. Moreover, a deterioration in liquidity could lead to equity outflows, particularly if the government deficit's funding becomes a concern.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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