SOURCE: Russell Investments

Russell Investments

September 30, 2010 10:37 ET

Russell GCC Index Rebounds in 3Q10

Producer Durables Sector Leads Index So Far This Quarter

LONDON--(Marketwire - September 30, 2010) -  Stocks in the Gulf Cooperation Council region, as reflected by the Russell GCC Index, have increased 14.8% for the third quarter through September 27, 2010. Comprising the six Persian Gulf states of Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates, the Russell GCC Index shows the region bounced back from a 2Q10 loss of 1.7%.

The producer durables sector leads all others in the Russell GCC Index for the third quarter, reflecting a 21.2% return through September 27, followed by energy (18.1%) and financial services (15.8%). All three sectors rebounded from negative returns in the second quarter.

Russell GCC Index: Sectors   2Q 2010   QTD through September 27, 2010   YTD through September 27, 2010
Producer Durables   -10.8%   21.2%   8.1%
Energy   -12.0%   18.1%   3.9%
Financial Services   -2.4%   15.8%   13.0%
Consumer Staples   -22.2%   11.5%   -13.2%
Materials & Processing   -2.9%   10.7%   7.4%
Utilities   14.4%   10.6%   26.5%
Consumer Discretionary   -8.6%   8.4%   -1.0%
Health Care   N/A   N/A   N/A

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