January 01, 2007
Impressive Losses: Gulf Bourses knock off 442 billion USD
An encouraging headline: 442 بليون دولار خسائر الأسهم الخليجية عام 2006
, 442 billion is actually some real money.
No surprise in this, the only question that comes to mind is whether the ongoing correction in the Gulf will substantially damage the equity industry in the medium term.
The correction is healthy, and I think will in the near term tend to push liquidity into alternatives, and perhaps out of the Gulf into neighbouring areas, as well as Europe.
Posted by The Lounsbury at January 1, 2007 02:24 PM
Filed Under: Biz - Private in MENA
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A fun chart is here.
Posted by: matthew hogan at January 2, 2007 03:54 AM
about that chart, did anything particular happen where it breaks? Looks so dramatic to the ignorant me.