MENA - Flushed with Liquidity and Continues to Outperform:
"Emerging Market (EM) funds' allocation to the Middle East rose in January to the highest level since 2008.This reflects the recent strong performance of MENA markets since flows from EM funds into the region have been relatively weak over the past years.
International investors bought US$ 600 mn of MENA equities in February of which Saudi Arabia saw net buying of US$ 350 mn. Institutions remained net buyers of MENA equities.
MENA markets (+9%) continued to outperform EM (-6%) in early 2014 and turnover has risen in most markets compared to last year. The most notable increase has been in the UAE, where turnover is now 23% above 2008 levels."
'via Blog this'
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