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.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 30, 2017
UAE. How important are Apps in everyday life? Global research from A10 Networks spotlights importance of Apps in daily life, potential behavioural risks to personal, corporate security.
date:Posted: May 30, 2017
UAE. Payment plans have progressively eased from 2013 (when more than 80% of launches had payment terms that were front ended) to 2016 when more than 55% of launches had back ended and post-handover payment plans.
date:Posted: May 27, 2017
UAE. As demand for the luxury segment signals a comeback, developers have responded by scaling up launches; general consensus that the segment has underperformed appears to be factual.
UAE. Payment plans have progressively eased from 2013 (when more than 80% of launches had payment terms that were front ended) to 2016 when more than 55% of launches had back ended and post-handover payment plans.
dhgate