Browse
related articles
Gulf stocks may dip further, say analysts
- Middle East: Wednesday, November 26 - 2008 at 14:16
Stocks in the Middle East may continue to fall as lower oil and real-estate prices weaken economies region, reported Bloomberg. The MSCI GCC Countries Index of 115 gulf companies, already down 57% in 2008, may drop 20% more in the next six months, said Jeff Chowdhry, who helps oversee $150bn at F&C Asset Management. While the deteriorating outlook for profits caused the retreat in Gulf stocks at the start of the year, this month's 20% decline in the MSCI GCC index is mostly the result of sellers who dumped shares to repay loans, according to Oliver Bell, the head of emerging-market specialist equities at Pictet Asset Management.
Also consider reading:
Today's top stories
Week's top stories
Browse
related articles
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Jeff Florian, Senior Reporter
