GCC stock market rise in July 2010
A report issued by Kuwait Financial Centre "Markaz" indicated an improvement in the activities of the GCC stock markets during July 2010. According to the report, the positive trend was aided by higher corporate profits, which boosted investor confidence as well as positive reports from rating agencies. The report pointed out that the GCC markets gained a 5% rise during the said month, bringing the increases since the beginning of the year until July to 4%.
During July, all the GCC markets reported gains with the exception of the Bahraini market, which fell by 0.17%. The weighted index of Kuwait led the rises, with more than 5.5% for the month.
- Big data: the world's next big natural resource?
- Will Hezbollah sanctions have an effect Lebanon’s banking sector?
- Why Saudi's latest announcement to open up the stock market to foreign investors is a good move
- Saudi expected to emerge as seventh largest capital market and it's a very big deal!
- Time for some serious contemplation: Middle East firms face $91bn refinancing needs