Middle East Economic Survey
VOL. LII
No 21
25-May-2009
REGIONAL
GCC Market Capitalization To GDP Ratios Decline With Lower Stock Prices, Says NBK
Declines in stock price across the Gulf Cooperation Council (GCC) countries in 2008-09 have pushed the ratios of market capitalization to GDP down to their lowest for several years, says a recent report by the National Bank of Kuwait (NBK). Consequently, the income of many GCC investors has greatly diminished, while lower stock prices have become more...
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