"Diversification, strategic partnerships, increased institutional participation and increased co-operation between the Gulf capital markets will help the GCC stock markets recover from the impact of the recent economic downturn", said Tom Healy, CEO of Abu Dhabi Securities Exchange.
Speaking at the World Exchange Congress in Monaco today, Healy outlined the impact the global 'credit crunch' had on the GCC stock exchanges. He also gave a positive outlook for the region's markets and explained ADX's strategy for future growth.
"The fall in oil prices and the fact that foreign investors had to sell out of emerging markets to cover positions in their home markets had an impact on ADXADX, but these were not the main reasons stock market prices in Abu Dhabi fell in the second half of 2008", he said.
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