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GCC bourses need to change
- Saudi Arabia: Sunday, September 17 - 2006 at 09:05
The Chairman of the Egyptian Capital Market Authority believes that the Gulf stock exchanges will see a recovery but feels a number of issues need to addressed, reported Gulf News. Hani Sarie Al Deen said that Gulf bourses lack a developed secondary market, rely too much on retail stocks and suffer from a shortfall in investment bonds and too few long-term investors. He also called for greater education and transparency.
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Jonathan Sheikh-Miller, Deputy EditorSunday, September 17 - 2006 at 09:05 UAE local time (GMT+4)
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This article was updated on Sun Dec 24 2006.
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