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Arab Stock Markets: Week 15 in review

by Thomas Schellen

Overview The United Arab Emirates and Qatar were lead performers in the Middle East and North Africa (MENA) last week, showing gains of above three percent for Abu Dhabi Exchange, Dubai Financial Market and Qatar Exchange. The four other GCC bourses showed gains of less than one percent in Bahrain and Oman, a flat week in Kuwait and a drop of half a percent in Saudi Arabia. Across MENA, seven markets were up, three were flat with index changes of 0.2 percent or less, and two ended the week lower. The most notable gainer outside of the GCC was the Egyptian Exchange; while the underperformer of week 15 was the Beirut Stock Exchange (though the drop was less than one percent). The Gulf The Qatar Exchange rallied in week 15 and the QE Index closed on April 10 up 3.6 percent from April 6. The index ended the week just

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