MIDEAST STOCKS-Gulf share prices fall on attacks, Greece; IPO boosts Egypt | Reuters:
"Gulf share price indexes fell on Sunday in reaction to the militant attacks in Kuwait and Tunisia and the Greek debt crisis, while Egypt's rose after an initial public share offer by Emaar Misr was greatly oversubscribed.
The attacks, which killed a total of 66 people, did not appear to represent any immediate threat to the oil exporting economies of the Gulf. The region does not rely on foreign investment and has huge resources which it can devote to keeping the oil flowing.
The Kuwaiti dinar and other Gulf currencies barely moved in the spot and forward foreign exchange markets on Sunday, suggesting there were no major fund flows. U.S. dollar/dinar forwards were quoted higher but well within the range of the last few weeks."
'via Blog this'
No comments:
Post a Comment