Market Capitalization

Unified Stock Exchange for GCC

Several factors argue for the case for a unified stock exchange in the GCC region including increased trade volumes, improved liquidity and lower trading costs on back of economies of scale (MENA Asset Management Policy Perspectives, Markaz Research) . However, the first step towards such unification of stock exchanges requires the union of currencies and harmonizing of monetary operations undertaken by the GCC central banks. Initially proposed in the early 2000 after the successful adoption of the Euro, the approval...