Ashraf on CNBC Arabia with English Synopsis

Ashraf tells CNBCARABIA that one week after the biggest US banks announced a hike in dividend payouts and share purchases, technology blue chip Apple announces a $10 bn stock buyback and the first dividend in 17 years. The news boosted US equities, lifting the NASDAQ by 18% YTD, more than double the DJIA's 8.5%. S&P500 is up 12% YTD. Ashraf adds that the stock-specific news from Apple and JP Morgan are providing a positive response to concerns from the bearish camp pointing to the lack of outright QE3 from the Fed as reason for worry FULL INTERVIEW here: http://www.youtube.com/watch?v=7sYHMbe5evw&list=UUvXdnxqWDSUrYekzFOyzEHg&index=1&feature=plcp