Middle East stock markets likely to lure foreign investments worth nearly $82 bln: Morgan Stanley

The Middle East stock markets are expected to attract foreign investments worth nearly $82 billion, due to their outperformance over global peers, Asharq Business with Bloomberg reported, citing Morgan Stanley analysts.

They added that cash flows would rise amid the increasing exposure of global emerging market funds to the region and growth of their relative weight on the MSCI Emerging Markets Index.

The fundamental and technical reasons for the continued rise in the region’s markets include higher energy prices and current reforms.

The region’s markets witnessed strong performance in 2021 and the first quarter of 2022, topped by the Saudi Exchange (Tadawul) and Abu Dhabi Securities Exchange (ADX).