Summary



Market seems to be confused regarding tapering which resulted in slight choppiness in regional markets. Overall, it ended marginally in positive. However It underperformed EM (+0.12%). Sukuk (+0.23%) outperformed Conventional (+0.10%)
Market breadth was positive in cash, with gainers leading the losers by 2:1. Overall, Investment grade did better than High volatility. ST-MT IPIC and Qatar Sovereign did well. Amongst the losers, banking space underperformed led by NBAD and IDB


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