Saudi economic resilience and East-West pipeline expansion boost investor confidence

International markets expert Ashraf Jarrar said that the resilience of the Saudi economy, along with the expansion of the East-West pipeline to a capacity of seven million barrels, is supporting investor confidence.

In an interview with Al Arabiya Business, Jarrar added that while oil prices and geopolitical tensions have a direct impact on the market, the Saudi market saw increased trading last week, mirroring a buying wave in the UAE markets.

Jarrar noted that despite the recent rise, oil prices remain volatile, a factor investors are considering amid the possibility of easing tensions. He also highlighted expectations for improved results in Saudi Arabia's petrochemicals sector.

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