KUWAIT - Value of GCC stock markets rose by 68 percent reaching up to USD 1.03 trillion in September in contrast to USD 0.6 trillion in 2008, according to KAMCO Investment Company (KAMCO).

The company said in a report, released on Tuesday, that ten years after the global financial crisis, the world economy has recovered, with annual forecast growth standing at 3.2 percent, projected to climb from USD 63.7 trillion in 2008 to USD 87.5 trillion in 2018.

Share of emerging markets in the global economic growth amounts to 64 percent, the report said, also indicating that value of global stock markets would rise by 93 percent, from USD 41.45 trillion in 2008 to USD 80.13 trillion in September 2018.

Nominal domestic products for GCC economies is forecast to grow and reach USD 1.6 trillion in 2018, compared to USD 1.2 trillion in 2008.

Trades are also projected to rise in the GCC markets as of beginning of next year, due to predicted cash inflow, particularly to Saudi Arabia and Kuwait, amid promotion of the regional bourses to the level of emerging markets and enlisting in global indices.

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