Riyadh – Mubasher: Al Rajhi Capital Company expects the sectors related to consumers’ expenditure to witness a good performance in the second quarter, according to a recent report.
The segments related to materials, healthcare, and construction are forecast to register a weak performance in Q2.
As for the banks sector, Al Rajhi expects weak financial statements which are affected by lower profit margin, zero-interest profit, and not changing the provisions of doubtful loans.
The difference in the prices of products, as well as closing several factories in the petrochemical segment, may affect Q2 results negatively.
