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| Type | Stock exchange |
|---|---|
| Location | Kuwait City, Kuwait |
The Souk Al-Manakh stock market crash was the 1982 stock market crash of Kuwait's unofficial stock market, the Souk Al-Manakh (Arabic: سوق المناخ). The Al-Manakh market was housed in an air-conditioned parking garage in the historic area of Jibla, Kuwait City. The market was specialized in highly speculative and unregulated non-Kuwaiti companies.[1] At its peak, its market capitalization was the third highest in the world, behind only the U.S. and Japan, and ahead of the U.K. and France.
- ^ "Kuwait's Souk al-Manakh Stock Bubble". GulfTa Forum. 2007-02-24. Archived from the original on 2011-07-11. Retrieved 2008-09-15.