Saturday 14 January 2012

Arab investors keep an eye on annual corporate results - Financial Services - Zawya

Arab stock markets closed week mixed as investors awaited the release of annual corporate results particularly of blue chips, financial analysts said Friday.
They expected regional markets to remain under pressure in the coming months from political turmoil as represented by the "Arab Spring" revolts and the standoff between Iran and western powers over Tehran's nuclear program.
"I believe Middle East bourses will continue to suffer in the new year from the fallout of Arab uprisings and the political turmoil resulting from western threats to Iran," Nizar Taher, chief of brokerage at the Jordan Ahli Ban k, told Arab News.

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