You are hereHome SectorsEgypt
Regional markets take a breather after a strong December start
Source: Al Masah Capital , Author: Posted by BI-ME staff
Posted: Sun December 18, 2016 2:36 pm

UAE.  After a stellar start to the month and a strong first week of trading, regional markets were expected to kick on. Instead the momentum stalled as profit taking and greater caution prevailed. Only Kuwait and Qatar could generate any meaningful gains going up 1.4% and 1.7% respectively.

UAE, Saudi and Egypt were all around the breakeven mark. The one week breather may provide the markets another chance to refuel and go into the new year on a strong positive foot as average monthly gains are still at a healthy +2.7%. However, as is usually the case at this time of the year, volumes and liquidity may drop.

Western institutions will certainly take the food off the gas meaning regional players will be the ones looking to dictate the market trend for the last 2 weeks of 2016. Abu Dhabi (+4%) and Saudi (+3%) will look to preserve their annual gains and add to them if possible; Qatar will certainly try and flip its annual losses of -2% into something more green while Dubai (+13%) and Egypt (+62%) may be happy to close up shop.

In the case of Egypt its annual gains come at the price of the severe currency devaluation so in dollar terms it’s still negative on the year meaning ample opportunity still exists for value buyers.

About Al Masah Capital
Al Masah Capital is one of the fastest growing alternative asset management and advisory firms focused on the MENA and SEA regions. Established in 2010 Al Masah Capital provides tailored solutions to a broad investor base, offering private equity advisory (across Healthcare, Education, Food & Beverages, Logistics and other consumer driven sectors), asset management, corporate and real estate advisory as well as public market research services.

With operations in Dubai, Abu Dhabi and Singapore, Al Masah advises qualifying investors on growth opportunities in 13 focus markets in MENA and South East Asia.



date:Posted: September 20, 2017
UAE. The latest BNC Network report shows 543 hospitality projects are active in the UAE - reflecting the vibrancy of the leisure, tourism and the entertainment sectors.
date:Posted: September 18, 2017
SAUDI ARABIA. A new report by executive search firm Metin Mitchell & Co highlights the confidence that Saudi women feel about their working futures and what needs to be done to increase the number of women in the workplace.
date:Posted: September 15, 2017
UAE. First of its kind study in the MENA region reveals why we are emotionally drawn to certain destinations and environments; Visible everyday human activity, greenery, artistic features and bright colours found to be the most powerful drivers of emotional engagement.