Want to know who is buying shares and keeping the local bourses ticking over? The GCC Sovereign Wealth Funds. During the financial crisis of 2008 many of the GCC Sovereign Wealth Funds (SWF) played key roles in shoring up western institutions. They are now performing a similar role across the GCC, providing liquidity and increasing direct investment, particularly to financial institutions, energy, utilities and infrastructure sectors. So when you see the stock market moves it is increasingly likely that the buyer is a SWF. The following chart shows the total capital value of GCC Sovereign Wealth Funds.