The swift revenues of the 1970s had been a boon for many private individuals. It left them with hefty substantial funds at their disposal. These funds triggered speculation and skeptics in the stock market in the mid seventies. The government reacted promptly and tried to bail out the affected investors. They also introduced stricter regulations in the process. The response ignited a bigger and more disastrous stock market crash of the eighties.
It brought the least risk-averse speculators into the technically illegal alternate market, the Souk Al Manakh. Slowly and gradually Souk Al-Manakh leveled paralleled with the official stock market. This market was largely dominated by the several older wealthy families who indulged in far and wide trading among themselves. The Souk Al-Manakh ended up becoming a market solely aimed for new investors in the end alongside some older ones.
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