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...