Riyadh-Capital: NCB Capital (NCBC), the investment arm of National Commercial Bank (NCB), has assigned an 'Overweight' rating to Al Othaim and Shaker, setting their price targets at SAR 127 and SAR 91.1, respectively.

The research firm also recommended 'Neutral' on United Electronics Co. (eXtra), with a price target of SAR 104.9. The electronics retailer is likely to open five stores in 2015.

Forecasts for the local retail sector are bullish on the strong gross domestic product (GDP), meaning the sector rather others will be more attractive to foreign investors, NCBC said.