MIDEAST STOCKS-Gulf underperforms in 2017, has reason to expect better 2018:
"Middle Eastern stock markets far underperformed the rest of the world in 2017 but as the year ended, beaten-down valuations for shares and plans for higher government spending gave investors reason to expect a better 2018.
Egypt’s stock index surged 21.7 percent in 2017 as economic reforms bore fruit, but the picture in the Gulf was little short of disastrous because of geopolitical tensions, sluggish economic growth and sagging real estate prices.
Saudi Arabia’s index edged up just 0.2 percent during the year compared to a 34 percent leap for MSCI’s emerging markets index. Among other major Gulf markets, Dubai fell 4.6 percent and Qatar, hit by a boycott imposed by other Arab states, lost 18.3 percent."
'via Blog this'
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