Regional markets expected to trade lower this week
Source: Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon March 13, 2017 10:39 am

UAE. Weakness prevailed last week’s trading activities in the regional markets. The second week of March has witnessed a negative performance for six out of the eight major indices in the region with Egypt increasing by a solid 4.4% and Bahrain with a modest increase of 0.9%.

UAE markets were on the lead of the negative performers, with Abu Dhabi going down by 3% and Dubai by 1.8%. Qatar followed, ending the week lower by 2.6% while Saudi Arabia was down by 1.4%.

Over the week, the black gold went down by an aggressive 8.1% reaching a low of USD 51.37 pb on Friday, the sharp decline started on Tuesday when news about increasing Shale output is on the table and backed by other rumors over the weekend that OPEC won’t continue with the cuts to fight for its market share.

With the gloomy picture that last week ended with, regional markets are expected to trade lower this week with a more cautious attitude from investors who will also be waiting for the coming Fed’s meeting.

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 22, 2018
UAE. Cyber-criminals are turning their attention to the supply chain as a new means to exploit business data.
date:Posted: May 21, 2018
UAE. A new defence is being developed that will allow companies to tackle the latest threats as soon as they appear on the network; Machine learning enables AI to detect patterns in all sorts of data sources and create behaviours based on recognized patterns.
date:Posted: May 17, 2018
UAE. The report states that 50% of SME funding applications are rejected by banks and that alternative trade finance, powered by FinTech and Blockchain, is on the rise.
dhgate