Qatar's index slumped to a 2011 low on Thursday as a fourth day of unrest in neighbouring Bahrain and uncertainty over when Cairo's bourse will re-open in post-Mubarak Egypt weighed on equities.
"Revolution in Egypt was shrugged off too easily by Gulf markets," said Hashem Montasser, managing partner at Frontlane Capital, a Dubai-based asset management firm.
"Markets were mispriced in the sense that risk premiums have gone up, but equities prices didn't reflect that. Bahrain has become the catalyst to now re-price Gulf equities."
No comments:
Post a Comment