Mutual Funds

Top 20 GCC Mutual Funds 2015

GCC markets are yet to recover following their retreat amid weaker oil prices. Saudi Arabia stocks were affected the most on concerns of deteriorating fiscal position and sustainability of finances. Saudi Index (TASI) declined by 16.6% YTD registering the highest loss among all GCC markets. The Dubai general index registered a loss of 14.6% as investors booked profits amid low international investor participation. Tepid earnings, negative investor sentiments following China crisis and impending U.S Fed hike continue to drag down...