As we all know, GCC stock markets were always about large caps, when looking at the top 20 companies listed in the GCC stock markets certain themes emerge and here is the some facts.
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)
Now the question is, Will the outperformance of GCC Large cap Stocks continue?
You may know more about GCC here: GCC Stock Markets