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Article: Bulls outrun bears.(Statistical Data Included)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- January 14, 2000
- Author:
CopyrightCOPYRIGHT 2000 MEED Middle East Economic Digest. All Rights Reserved. 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)
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The year that has passed was generally positive for the equity markets of the Middle East and North Africa (MENA). In the absence of the hot technology stocks that have driven the strong performance of markets in the industrialised world, the gains on some MENA bourses look all the more impressive. Monica-Lucie Lowe reviews the year just ended and looks at the challenges that lie ahead as regional markets seek to improve their appeal to international investors
The star performer in 1999 among MENA markets was Turkey, which closed more than 200 per cent up on the year in dollar terms. This was partly because of a rebound from the slump at the end of 1998, triggered ...