Kuwait’s Souk al-Manakh Stock Bubble & Crash

January 2017 | 7 pages | ID: KF67EFE5570EN
Sadia Saeed

Abstracts

The Souk Al-Manakh stock market crash was the highest market crash in Kuwait. It happened in the 1982. It is market crash of unauthorized market. In 1982, a trader offered a postdated check from a immature Passport Office worker for compensation and it rebounded. This crash came in August 1982 due to this check. Various banks of Kuwait became insolvent due to this crash. The government of Kuwait helped a lot during this crisis. Cont… (750 words of this report)

Contents

Introduction
How Kuwait’s Souk al-Manakh Bubble Inflated
How Kuwait’s Souk al-Manakh Bubble Popped
Effects of the Crash
Stock Market Crash in 2008
Effects of Crash
Future Prospects for Markets
References