Buoyant Saudi Stocks Attracting Bulls on Higher Oil Price, Rates

  • Investors and analysts expect more gains for Saudi equities
  • Morgan Stanley stays overweight as tailwinds grow in kingdom

The commercial building housing the offices of the Saudi Stock Exchange, also known as Tadawul, in Riyadh, Saudi Arabia.

Photographer: Mohammed Almuaalemi/Bloomberg
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Saudi stocks are outperforming virtually all other markets this year and gains may not be over yet, according to analysts and fund managers.