|
|
Article: Arab markets expected to rise despite bearish start in 2007.(Statistical data)
- Article from:
- Middle East
- Article date:
- January 16, 2007
CopyrightCOPYRIGHT 2007 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Despite the fact that across the Middle East most bourses began the New Year on a bearish note, many industry observers continue to cautiously predict that 2007 will be a year of growth, especially for GCC states UAE, Saudi Arabia and Kuwait.
According to forecasts by leading investment consultancy firm, Kuwait-based Global Investment House, GCC stock markets should grow by more than 25 percent in the coming year if earnings growth meets predictions, reported Khaleej Times.
"At current price levels, many stocks represent a good buying opportunity and provide a case of careful stock selection and accumulation," the report stated.
Slow start in ...