Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

REGIONAL/GCC

Gulf Stocks Muddle Along Near Recent Lows

All stock market indices closed slightly higher last week with the exception of Kuwait. In Abu Dhabi, Dubai, Qatar, and Oman they edged up from the multi-year lows hit on 21/22 January, but rallies were unconvincing and once again unable to gain much traction. Kuwait moved up tentatively from the four-year low it made on 22 January, but by the end of the week was under downwards pressure...