off the year with a total capitalization of US$56.693 billion and reached a level of US$67.868 billion by the end of third quarter," the study shows. According to the study, in terms of growth per cent, Saudi Arabia outperformed with 51.03 per cent, the UAE closely chased it with 50.30 per cent; Bahrain recorded a growth of 30.99 per cent for the third highest place. Qatar recorded a growth of 29.49 per cent while Oman achieved 28.16 per cent in its market capitalization. "The UAE is poised to achieve much higher growth levels due to its peculiar economic dynamics "higher oil revenues; low inflation; higher spending on economic development by the government; increasing corporate earnings; increasing liquidity; booming tourism; trade and re-export due to the continuation of result-oriented liberal economic policies," the study said.
