GCC stock markets were always about large caps, when looking at the top 20 companies listed in the GCC stock markets certain themes emerge
1. They are dominant (48% of market cap, 23% of total value traded, 61% from KSA, 70% from just two sectors banking and chemicals)
2. They enjoy large government ownerships (averaging 45%) and therefore sap liquidity (turnover velocity averages just 12%) &
3. Offer high dividend yields (5% on average
To have a look at the segment click : GCC Information Middle East Investments