MENA Equities: Rounding Up 2009

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As 2009 comes to a close, we examine the relative performance of Middle Eastern stock markets over the year, and offer some initial thoughts on what to expect in 2010. A number of observations immediately jump out from the accompanying table. First, despite the region-wide equity rally in 2009, all the markets are still well down from their 2008 peaks. Interestingly, with the exception of the