You are hereHome CategoriesKuwait
First week of 2H 2017: Mixed performance of regional markets coupled with weak oil prices
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon July 10, 2017 12:38 pm

UAE. Starting the second half of 2017, geopolitical tensions weighed down on investors’ sentiments affecting regional markets’ performance. 

Over the week, five out of the eight regional indices ended lower with Saudi Arabia coming in as the worst performer among its peers, down by -3%, followed by Kuwait and Qatar were both headed south by -1.2% followed by Abu Dhabi -0.7% and Egypt -0.2%. Dubai and Bahrain were modestly up by +0.3% and +0.1% over the week, while Oman remained unchanged over the same period.

Over the week, regional markets lacked any sound macro news except for Egypt where the CBE announced increasing its rates again by 200 bps, this comes directly after the recently announced increases in fuel prices by more than 40%, the application of the additional 1% in VAT and the increase in electricity prices.

Oil is still hovering around USD 46 per barrel, ending last week down by 4.2%.for the coming period, macro news coupled with the awaited 2Q 2017 earnings will be the main movers to most of the markets’ performances.


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: 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.
date:Posted: September 14, 2017
UAE. Family offices, importers and exporters, and the TMT industry will be impacted by VAT in various ways, so the need to ensure they are prepared for when VAT is introduced from 1 January 2018 is clear.
SAUDI ARABIA. The Future Investment Initiative (FII) will host global leaders, investors and innovators; FII will be a game-changing platform exploring the trends, opportunities and challenges that will shape the world economy and investment environment over the coming decades.
dhgate