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Complete 7 page APA formatted essay: US and Saudi Stock Markets.The Saudi stock market is the largest stock market in the Middle East. It is not only the largest stock market in the Middle East, it is
Complete 7 page APA formatted essay: US and Saudi Stock Markets.
The Saudi stock market is the largest stock market in the Middle East. It is not only the largest stock market in the Middle East, it is also considered to bigger than the combination of the stock markets of all other gulf countries (Hankir and Baltaji, 2015). As a stock market there are great opportunities that are offered by the Saudi Stock market. However, until recently only citizens of Saudi Arabia and other gulf countries were allowed to trade in the stock market of the country. The people of other GCC countries were allowed to trade in the Saudi stock market subject to the restrictions that are imposed by the respective GCC country. Till recently the people from non-GCC countries were allowed to enter only through the closed investment funds.
NYSE is considered as the largest and the most powerful stock exchange in the world. The rising power of the stock exchange was in line with the rise of the economic power of the United States. There are two major stock exchanges in the United States. The other stock exchange in the United States is NASDAQ which has the most number of companies listed in the country. However, by means of market capitalization, NYSE is larger than the combination of the NASDAQ, Tokyo and London. The merger of NYSE and Euronext has increased the appeal of the stock exchange on a global scale. It is found that the stock market in the United States is the most important in the world and has the capability to influence all the stock markets across the world.