All seven stock markets in the energy-rich Gulf states failed to recover four years after the global financial crisis despite high oil prices, a Kuwaiti economic report said on Sunday.
Although major bourses in the West, where the crisis began, have recovered successfully with Dow Jones now 17.8 percent higher than its level four years ago and Germany's DAX up 15.4 percent, Gulf shares remain way behind their levels in August 2008, Al-Shall Economic Consultants said.
The stock market in Dubai, where the crisis hit the economy hard, remains the worst in the Gulf at 67 percent below its level just before the crisis, followed by Bahrain's bourse which shed 60.2 percent, Al-Shall said.
No comments:
Post a Comment