Financial markets in Gulf countries made historic gains last year, more than doubling their total capitalization to well over US$1 trillion, boosted by high liquidity and strong oil prices. Market capitalization in the six-nation Gulf Cooperation Council (GCC) went up to US$1.146 trillion at the end of last year, up by 118 percent from $526.3bn at the end of 2004, Kuwait’s Bayan Investment Co said in a recent report. Total ...