GULF SHARE MANIA

by Faysal Badran June 2, 2005

written by Faysal Badran June 2, 2005

A most fundamental characteristic of speculative gain is that it goes away as smoothly as it comes. So whenever it’s very easy to make money, one must be reconciled to the possibility that it can be lost without much effort or notice. Nowhere is this truer today than in the Gulf stock markets. For just over two years, while most global markets have been mired in single digit action and the tensions in Iraq continued, very few would have bet on a massive rise in the fairly underdeveloped markets of the Gulf. Yet, this is exactly what has occurred. The stock markets of the region have witnessed staggering rises, bringing with them a whole slew of new issues. What fueled the rise and what lies ahead? The simple truth about Gulf stock markets is that oil has gone from below $10 per barrel in the last couple of years of

Faysal Badran

Faysal Badran is the head of NCB Capital, a Saudi-based wealth and asset management firm. He oversees the company’s regional and international equities, global fixed income, money market, and alternative investments. Before joining NCB Capital, Badran spent five years at its parent company, National Commercial Bank (NCB), working in the office of the chief financial officer and in the international sector division. He also contributed as a writer for Executive magazine in Lebanon. Badran holds a bachelor’s degree in economics from DePauw University in the U.S.

GULF SHARE MANIA

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