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Friday, 20 January 2017

Kuwait’s World-Beating Stock Rally May Just Be Getting Started - Bloomberg

Kuwait’s World-Beating Stock Rally May Just Be Getting Started - Bloomberg:

"Kuwaiti stocks have started the year with a charge, performing better than any other market in the world in January. Investors expect the positive momentum to continue. The Kuwait Stock Exchange Index has risen 12 percent this year, more than double the advance in the MSCI Frontier Emerging Markets Index. There could be a further 20 percent to climb, according to Ali Adou, a money manager at the National Investor in Abu Dhabi, who oversees the firm’s $20 million fund focused on the Middle East and North Africa."



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