Stocks: Downside Risks For Oman, Israel; Upside For Tunisia

We hold to our views on the MENA equity markets: we are cautious towards Kuwait, like Saudi, Egypt and Oman, and see long term potential in Dubai, Bahrain and Jordan. At the time of writing, global and regional conditions are broadly favourable, with oil prices looking particularly strong this morning, and Saudi Arabia's Tadawul All-Share Index having opened strongly on Saturday. As April draws to a close, we look for a strong monthly finish to cement this broadly positive regional view.

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