Arabian Gulf stock markets are likely to get a boost this week amid heightened euphoria from global markets after the US Federal Reserve said it planned additional measures to kick-start the world's largest economy, investors say.
The Fed planned to start a third round of monetary stimulus, also known as quantitative easing (QE), to boost growth and reduce unemployment through the purchase of US$40 billion worth of mortgage securities a month, the Fed chairman Ben Bernanke said on Friday.
"We saw the impact after QE1 and QE2 on developed, emerging, regional equity markets and commodities," said Sebastien Henin, a portfolio manager at The National Investor based in Abu Dhabi. "The announcement should give a new and positive catalyst for equity investors."
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