Markaz reports GCC markets rebounded in July

10 August 2010

Kuwait Financial Centre (Markaz) has said that GCC markets gained 5% for the month of July bringing the YTD gain to 4%, as corporate earnings lifted sentiment in addition to positive reports from rating agencies. The MSCI GCC index underperformed emerging markets and BRIC for the month but is outperforming the indices on a yearly basis. All GCC markets saw gains, except Bahrain which dropped 0.17%. Gains were led by Kuwait's Weighted Index which was up 5.5% for the month. In terms of volume, all markets saw declines, except Kuwait where volume traded was up 70% for the month.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications