Gulf Bourses Lose $24bn in May Despite Higher Oil Prices

Gulf stock markets lost an estimated $24 billion in market value during May, reducing the combined capitalization of regional exchanges to approximately $4.08 trillion, according to a CNBC Arabia survey. While the decline represents only about 0.6% of total Gulf market capitalization, it reflects persistent investor caution amid regional geopolitical tensions, uncertainty surrounding the Strait […] The post Gulf Bourses Lose $24bn in May Despite Higher Oil Prices appeared first on The Middle East Observer.