Liquidity and confidence continue to be in short supply on most of the Gulf's seven major stock markets as governments and companies implement measures designed to overcome the effects of the global economic crisis.
This may, in fact, provide investors with a good entry-point into some markets that look under-valued, analysts said.
After severely underperforming their emerging market peers in 2009, Gulf markets caught up in 2010. The S&P GCC index gained 11 per cent last year, compared to a 13 per cent rise in the MSCI EM measure. MSCI BRIC remained an underperformer with a gain of just 3 per cent.
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