Fiscal stimuli help Gulf bourses defy fears over war and unrest - FT.com:
"A backdrop of war, revolution and counter-revolution in one’s near neighbours, coupled with a broader rout of emerging markets thanks to the machinations of US central bankers, might not seem a propitious backdrop for Middle Eastern bourses.
Yet the United Arab Emirates’ stock market has leapt 55 per cent so far this year, while those of Saudi Arabia, Qatar, Oman and Kuwait have all pushed higher.
Net flows into Middle East and African equities have totalled $413m since January, according to EPFR Global, a data provider, and could yet beat the full-year record of $531m set in the pre-crisis nirvana of 2007."
'via Blog this'
No comments:
Post a Comment