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Global & regional markets to remain range bound with thin volumes
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon May 15, 2017 11:12 am

UAE. After the pro-growth candidate winning in the French elections early last week, the global scene was a bit quiet. Dow Jones and S&P 500 were both down by 0.53% and 0.35% respectively, while European markets were a bit mixed with FTSE 100 was up by 1.89% over the week, while Stoxx50 and CAC40 were down by 0.58% and 0.5% respectively.

Oil is back above the USD 50 mark that was broken downward earlier in May, closing the week up by 3.5% at USD 50.84 per barrel for crude oil and USD 47.84 per barrel for WTI.

On the regional front, over the week Qatar was the best performer by a + 1.7%, breaking the 10,000 point up, followed by Egypt with a + 1.6% with optimism across board after the IMF concluded their visit by signing the second tranche of the USD 12.0bn loan.

UAE markets were mainly flat over the week with eyes are now waiting for EMAA R results to be out. Bahrain came in as the worst performer over the week with a decline of -1.8%, followed by Kuwait which was down by -1.2%. Saudi and Oman both were down by -0.6% and -0.8% respectively over the week.

In the absence of major sound news globally and regionally, markets are expected to remain in the range bound trading zone with expected thin volumes

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.

 

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