Gulf Sukuk to rally on post-Mubarak sentiment
Islamic bonds from the Arabian Gulf may extend last week’s rally as the resignation of Egyptian President Hosni Mubarak bolstered investor confidence that turmoil in the Arab’s world’s most populous nation will subside.
The yield on Dubai’s 6.396 percent sukuk due November 2014 declined 25 basis points last week to 6.28 percent on Feb. 11.
Syndicate
