Manama, Kingdom of Bahrain, 24 July 2013: Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced today that its GCC-based equity funds performed strongly during the first half of 2013, continuing to outperform their respective peers and benchmarks.
SICO’s funds benefited from the improved performance of GCC stock markets during the first six months of the year, with the S&P GCC index increasing by 9.4% for the period. The UAE’s bourses were the best performers, with investors regaining confidence in the improving underlying fundamentals of the Emirates. Dubai increased by 37% and Abu Dhabi by 35%, while all other GCC markets increased by around 10%.
The full press release in english & arabic can be downloaded here