Stock markets in the Gulf region lost momentum in May amid lack of market catalysts, light liquidity and rising political tensions in some Arab countries.
As a result, the combined market capitalisation of Gulf Cooperation Council bourses lost $12.2 billion during the month to reach $757.9 billion, said a report published by Kuwait-based KAMCO Research.
This is despite the positive economic outlook driven by strong oil prices and significant increase in government capital expenditures.
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