Monday, January 30, 2006

Palestinian bourse plummets after election :: Reuters

[Welcome PJ Media readers. If you are reading this in your pajamas stop long enough to enjoy other posts here at The Emirates Economist. Thanks for visiting.]

Apparently, Condeleeza Rice wasn't the only person caught off guard by the Hamas victory.

Quoting the Reuters article:
Worried Arab investors, mainly from the United Arab Emirates, as well as Palestinian shareholders have continued to call Rajab looking for any news that might ease their concerns.

"It's a total crash," Rajab said. "They (investors) don't trust the market, because they don't know whether Hamas will hold talks with Israel."

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