Sunday 3 April 2011

Traders move into brighter quarters - The National

Gulf stock markets are entering the second quarter of the year with new optimism as the turbulent events of this year's first three months recede from view.

After uprisings in Tunisia and Egypt, the turmoil in Libya and a string of disasters in Japan, some traders and economists said things would improve in the months ahead.

"Global sentiment is picking up and the global backdrop is supportive of regional markets," said Rami Sidani, the head of Mena investments for Schroders. "International investors are putting money to work that has been sitting on the sidelines."

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