VOL. XLIII

No. 04

24-January-2000

STOCK MARKETS

Mixed Performance For Arab Stock Markets In 1999

The year 1999 witnessed a very mixed performance by Arab stock exchanges while some markets benefited from higher oil prices and a return of investor confidence, others were restrained by low growth levels and delays in reform. According to the latest market report from Beirut-based Middle East Capital Group (MECG), the total market capitalization of Arab bourses grew last year by 11.7%, from $163bn...