Sunday 27 February 2011

gulfnews : Stocks still volatile as Libya burns

Turmoil in Libya and growing civilian unrest in the Middle East and North Africa (Mena) region will likely keep the region's stock markets under selling pressure in the week ahead, but surging international crude oil prices may limit the downward pressure, market experts say.

"The situation in Libya is very critical. The region's stock markets will continue to be under selling pressure and experience high volatility.

"There may be sideways movement within the range we saw last week," Mohammad Ali Yasin, Chief Investment Officer at CAPM Investment told Gulf News by telephone.

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