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阿曼在海湾市场中脱颖而出,其他市场则经受冲击Oman stands out amongst Gulf markets weathering disruption

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阿卜杜勒哈迪·拉马希/路透社Abdelhadi Ramahi/Reuters

阿曼在海湾股市中表现突出,而其他海湾股市今年则普遍走势艰难。不过,与其他地方一样,市场并不等同于经济:国际货币基金组织预测,2026年海湾地区GDP将萎缩4.8%,但股市跌幅并没有那么大,这表明企业盈利强于预期,支撑了估值。

Oman is the standout among Gulf stock markets that have otherwise struggled this year. Still, as elsewhere, markets are not the economy: The IMF has forecast a 4.8% contraction in the Gulf’s GDP in 2026, but stocks haven’t plunged as much, suggesting stronger-than-expected corporate earnings have supported valuations.

在相对有限的海湾股票范围内,有一只股票格外耀眼:今年上半年,沙特阿美约占在沙特证券交易所(Tadawul)上市公司的合计盈利的72%。原油价格上涨推动其净利润增长33%;随着胡塞武装对沙特的袭击加剧以来油价上涨,沙特阿美在11月3日公布业绩时可能迎来又一个强劲的季度。

Within the relatively thin universe of equities, one name outshines all: Saudi Aramco accounted for about 72% of the combined earnings of Tadawul-listed companies in the first half of the year. Higher crude prices lifted its net profit 33%, and with oil up since Houthi attacks intensified on the kingdom, Aramco may have another strong quarter when it announces its results on Nov. 3.

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