Buy custom The Souk al-Manakh stock market crash
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Topic: |
Business
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Number of pages / Number of words: |
9 / 2332 |
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The scarcity was the result of the royal sheiksâ reluctance to grant the corporate charters necessary for companies to become publicly traded, for fear that companies might become vehicles for stock speculation (Veneroso Associates, 1998). Kuwaiti investors, however, werenât concerned with risk, as their collective memories recalled a market panic in 1976 and 1977 in which the government had protected the people (âKuwait's Soukâ, n...
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Kuwaiti investors, however, werenât concerned with risk, as their collective memories recalled a market panic in 1976 and 1977 in which the government had protected the people (âKuwait's Soukâ, n.d.). These traders believed that the government would always be there to help them out of trouble. The stock exchange became regulated and changed into an official exchange...
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