VOL. XLVII

No 14

05-April-2004

CAPITAL MARKETS

Strong Performance Of GCC Markets In 2003 Set To Continue Through 2004

Gulf stock markets enjoyed a year of spectacular growth in 2003, and the outlook suggests that they can expect another strong year in 2004. The Shuaa Capital GCC Index a composite index of the regions markets rose by around 56% over the course of 2003, and on 24 March was up 8% for the year to date. The Gulf markets have all benefited from high oil prices, which have continued to...