Wednesday, 2 December 2009

Long-term effect on Bahrain is ruled out

Bahrain is unlikely to suffer any long-term effects from the financial restructuring at Dubai World.

The Bahrain stock market is likely to come under pressure and fall when it re-opens after the Eid break today, taking its lead from falls in other regional markets over the past few days, according to Securities & Investment Company (SICO) head of asset management Shakeel Sarwar.

"I think we have seen the worst of the sell offs in the regional markets," he said.

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