markets

Saudi Stocks Get Cheaper as Outlook for Earnings Improves

Analysts are growing more bullish on earnings prospects for Saudi Arabian businesses after members of the benchmark stock index beat profit expectations, even as the kingdom pursues austerity measures. King Salman bin Abdulaziz last month improved the outlook for consumption when he restored bonuses and allowances for government employees, a sign the Arab world’s biggest economy may be recovering.

— With assistance by Filipe Pacheco

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