Oil price volatility, other factors hurting IPO market in GCC | GulfNews.com

Oil price volatility, other factors hurting IPO market in GCC | GulfNews.com:

"Oil price volatility among other factors are hurting the primary issues from companies in the GCC (Gulf Cooperation Council), souring the mood among regional and global investors, industry participants said at a conference on Tuesday.

Brent crude has fallen more than 50 per cent from its 2014 high, and has oscillated in the range of $45-$65 per barrel amid a lot of volatility in 2015, dimming appeal of the equity markets in the GCC countries, dependent on oil.

“Oil prices and geopolitical issues in the region have been contributing to slack in IPO [initial public offering] pipeline,” said Rashed Al Mansouri, chief executive officer at Qatar Stock Exchange, adding, “we should also not forget the cost of IPOs and the regulatory requirements.”"



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