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.

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