Sunday 2 October 2011

Gulf's focus turns to earnings results - The National

Fund managers are banking on rosy third-quarter results to help improve sentiment that has soured quickly in recent weeks, putting pressure on Gulf stock markets.

Companies will begin to report their results for the third quarter this week. The numbers may give equities a small boost.

"We expect a positive continuation in third-quarter numbers, as we had in the second quarter," said Marwan Shurrab, the chief trader at Gulfmena Investments, an asset management company in Dubai.

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