In the last few months, especially between August and mid-October, local markets posted the strongest gains in the region. The Dubai Financial Market General Index peaked on October 14 when it reached 2,373.37.The DFM was the best performing GCC market this year ending October, with gains of 34.3 per cent.
Saudi Arabia's Tadawul hasn't done too badly either, with its gains of 30.5 per cent during the same period. Lately, the markets have been witnessing increasing volatility.
In an exclusive interview, Kamran Butt, director and head of Middle East and India, Private Banking Equity research, Credit Suisse, talks of how as the global economic recovery gains traction, regional markets will outperform. Excerpts:......
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