So far, 2011 has been an eventful year in the Middle East. Popular unrest removed the presidents of Tunisia and Egypt, while the fates of Libya, Syria, and Yemen remain uncertain. The unrest in the region transferred to the regional markets, as all GCC markets were in the red for the first half of the year. What is interesting is that Kuwait, although lagged by many as one of the safest countries in the region, was one of the worst performers in the GCC, leading us to believe that other factors come to play, such as the constant brawling between parliament members and the government and the lack of development.
Below is a recap of the performances of GCC stock markets for the first half of 2011:
No comments:
Post a Comment