Sunday 22 January 2012

Arab stocks lacklustre on annual earnings, Iran-West tensions - Financial Services - Zawya

Arab stock markets ended the week with mixed results as investors appraised end-of-year earnings and eyed the fallout from rising tensions between Iran and the West over Tehran's nuclear programme, analysts said on Friday according to dpa.

Market watchers also expect Middle East bourses to benefit from write-down deal on Greek debt and European Union efforts to contain the eurozone sovereign debt crisis.

'I believe investors are monitoring annual earnings and dividend distributions to decide their portfolios for the coming period,'Nizar Taher, chief of brokerage at the Jordan Ahli Bank, told dpa.

No comments:

Post a Comment