Stock Market

MENA Markets end 2015 in Red

  For the year 2015, Egypt declined 24%, due to faltering reforms and forex shortage, while Tadawul’s TASI index declined 17%. All MENA indices ended in red for the year 2015, with most witnessing double digit declines. Oil price fall, regional and global political developments, the recent Fed hike, and Eurozone woes were the much spoken themes for the year. S&P GCC declined 2.4% in December, making it a cumulative decline of 17.4% for 2015. MENA markets liquidity continued its...