stocks ended the first quarter of 2012 strongly on Friday with
Brazil's Bovespa and Chile's IPSA posting their sharpest
quarterly gains since September 2010.
With fears of a European debt crisis easing and a slowly
improving economy in the United States, Brazil's Bovespa stock
index advanced 13.6 percent this quarter to 64,510.97.
Chile's IPSA stock index climbed 11.8 percent.
The Bovespa is likely to reach an all time high of 75,000
points by year end and Mexico's IPC stock index, which
logged a 6.5 percent gain this quarter, is expected to jump 13
percent from the 2011 close, according to a recent Reuters poll.
"There is abundant liquidity and interest rates are very
low. This is an attractive sign for the market," said Luciana
Pazos, wealth management chief at Mirae Securities.
Low interest rates in the U.S., Europe and Japan have
helped fuel the rise in riskier assets as investors flock to
higher-yields. The MSCI Latin America index shot
up 13.9 percent this quarter.
Dull trading on Muscat bourse
Muted trading activity resulted in the MSM30 Index closing at 5,812.16 points, down by 0.10 per cent. The MSM Sharia Index gained 0.05 per cent to end at 885.07 points.
Bank Muscat was the
Oman looking to woo UK investors
Capitalizing on its strategic location, infrastructure, regional ties and talent, Oman is looking to lure UK waste management and logistics companies to set up offices in the sultanate, helping them
Ezdan Mall, ELAN Media sign ad partnership
Ezdan Holding Group and ELAN Media, the media arm of ELAN Group have recently signed a partnership where ELAN Media will be the exclusive media representative for Ezdan Mall.
The announcement was