19.11.2009 - GCC equity funds continue upward trend
From Albawaba.com: The latest Fund Market Insight Report from Lipper, a Thomson Reuters Company, for the Gulf Co-operation Council (the GCC) countries reveals that equity funds registered for sale in the GCC continued the upward trend noticed during the second quarter gaining 16.31% on average, bringing year-to-date performance to almost 39%. As of the end of September 2009, almost all Lipper equity categories ended the quarter on a positive note, with the sole exception of funds invested in Kuwait, which lost 0.39%. This was mainly due to the negative performance of the Kuwait Stock Exchange during third quarter 2009; the index decreasing 2.89%............Full Article: Source