By Haris Anwar May 24 (Bloomberg) -- Stocks in the oil-rich Middle East may gain more than global equities, after the MSCI Arabian Markets Index entered a 12-month “outperformance phase,” fueled by higher crude oil prices, Abu Dhabi Investment Co. said.
“People who want to play the oil story should definitely focus on the Arabian markets,” said Aksel Kibar<http://search.bloomberg.com/search?q=Aksel+Kibar&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, a portfolio manager at Abu Dhabi Investment. “Relative performance charts indicate that this outperformance may last for another 12 months.” The MSCI Arabian Markets’ relative performance<http://www.bloomberg.com/apps/quote?ticker=MXARM%3AIND> oscillator, which tracks the performance of the gauge relative to world equity markets, shows that the region’s 11 biggest markets will outperform as oil may surge as much as 30 percent in the second-half of this year, Kibar said. The MSCI Arabian Markets Index<http://www.bloomberg.com/apps/quote?ticker=MXARM%3AIND> has risen 13 percent this year, compared with a 2.3 percent advance in MSCI’s World Index <http://www.bloomberg.com/apps/quote?ticker=MXWO%3AIND>, data compiled by Bloomberg show. Crude oil gained 38 percent during the period and closed at $61.67 a barrel last week. The MSCI Arabian Markets Index tracks markets in Kuwait, Bahrain, Oman, Qatar, the United Arab Emirates, Saudi Arabia, Morocco, Jordan, Egypt, Tunisia and Lebanon. In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index. http://www.bloomberg.com/apps/news?pid=20601084&sid=a5Bpk_haKfHM&refer=stocks -- The will is not free - it is a phenomenon bound by cause and effect - but there is something behind the will which is free. Swami Vivekananda --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
