VOL. XLV
No 29
22-July-2002
CAPITAL MARKETS
Gulf Stock Markets Buoyant,Despite Global Slump
Stockmarkets in the US and Europe continued to fall this week as recent accountingscandals at Enron and WorldCom in the US caused a widespread loss of confidenceamong investors. In London the FTSE 100 has fallen 24% from its recent peak in mid-Mayand 43% from its all-time high of 6,930 points in 1999. In the US, the DowJones Industrial Average has fallen 17% from its most recent peak of just over10,500 in...
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