MEALTICKET
03-22-2006, 06:28 AM
I wounder what Iraqs market outlook will be like once it opens seeing the oil sector. It is not on the market yet!
Pretty interesting article. We can get feel on how the ISX might perform if it is driven by oil revenues!!! Maybe a BAD IDEA???:shhh:
Gulf stock markets, which have made unprecedented gains over the past five years, are witnessing a "healthy" correction needed to take the steam off the overvalued markets, analysts said.
All five major bourses in the Gulf have now dipped below their 2005 closing, shedding some 200 billion dollars of their capitalization since the start of the year, and pushing investors in some countries to protest.
Pretty interesting article. We can get feel on how the ISX might perform if it is driven by oil revenues!!! Maybe a BAD IDEA???:shhh:
Gulf stock markets, which have made unprecedented gains over the past five years, are witnessing a "healthy" correction needed to take the steam off the overvalued markets, analysts said.
All five major bourses in the Gulf have now dipped below their 2005 closing, shedding some 200 billion dollars of their capitalization since the start of the year, and pushing investors in some countries to protest.