Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

GCC/BAHRAIN/KUWAIT/UAE

Bahrain, Kuwait, Abu Dhabi Indices Slump, Shrug Off US Rate Cut

Stock market directions were mixed and choppy last week, with the Bahrain and Abu Dhabi benchmark indices falling to four year lows of 1,885.90 and 2,674.61 respectively, while Kuwaits index revisited the three and half year trough it made in mid-November. The Saudi Arabian and Qatari and indices edged up to their highest levels in a month, while...