True, the Cairo and Alexandria Stock Exchange has markedly underperformed MSCI Barra’s Emerging Markets Index, which has gained nearly 70 per cent over the past 12 months. But, compared with the Gulf markets, the Case has provided a relatively comfortable ride.
It is the best performer of all Arab stock markets over the past 12 months. The Egyptian market has produced a 28 per cent gain compared with a 1.2 per cent rise in the MSCI Arabian Markets Index.
Hashem Montasser, head of asset management at investment bank EFG-Hermes in Dubai, says Cairo has long been on the investment horizon of large family groups and institutional investors in the Gulf. More recently, listed Egyptian companies have benefited from the comparative openness of their executives, which has been at a premium in the downturn.
This is the major improvement in the stock exchange and one of the major improvement for the Dubai economy.
ReplyDeleteIt will boost up the Dubai's economy.
ReplyDeleteIt will give the pillar to the Dubai economy, as Dubai is loosing the wealth of oil.
ReplyDeleteWell said Pillar to the Economy, Can any one tell what are the predictions about the Dubai's oil.
ReplyDeleteWhat are the ways to keep your economy stable? Can some one tell me?
ReplyDeleteIf you don't beg, if you don't go for loosing money for extra money. Your economy is stable.
ReplyDelete