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Regional markets are expected to pick up steam in the new year
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Sun December 17, 2017 3:09 pm

UAE. Another positive week for US markets which are pricing in the potential passing of a significant tax bill. On the other hand, lack of catalysts is still weighing heavily on regional markets’ trading activities, surprisingly disregarding the strength witnessed by crude oil prices. 

Over the week, three out of the seven indices were in green, while four were in red.

Egypt came in with gains of +2.7% over the week, Kuwait +2.3% and Abu Dhabi +1.5%. Dubai main index lost -1.1% on a weekly basis followed by Saudi, Bahrain and Oman, each losing around -0.1% over the same period.

The continuing outage of a North Sea pipeline coupled with the extension in OPEC production volumes supported oil prices, with crude oil hovering around the USD63 per barrel and the WTI ending the week at USD57.30 per barrel.

For the remaining two weeks in 2017, markets are expected to trade range bound with thin volumes as traders and investors start to put 2017 behind them and begin looking towards the new year.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,355.40

-1.12%

-1.89%

-4.97%

Abu Dhabi (ADSMI)

4,339.22

1.46%

1.31%

-4.56%

Saudi (SASEIDX)

7,075.72

-0.14%

1.02%

-1.87%

Kuwait (KWSE)

6,331.72

2.34%

2.18%

10.15%

Egypt (EGX30)

14,679.91

2.69%

0.67%

18.91%

Bahrain (BHSEIDX)

1,265.59

-0.14%

-1.41%

3.70%

Oman (MSM30)

5,061.79

-0.08%

-0.94%

-12.47%

TR GCC (Reuters)

187.60

2.14%

2.26%

-7.40%

DJ MENA

526.67

0.00%

0.00%

5.77%

 
 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

63.23

-0.27%

-0.53%

69.61%

Natural Gas

2.61

-5.77%

-13.65%

11.77%

Gold

1255.18

0.59%

-1.51%

18.31%

Silver

16.05

1.34%

-2.25%

16.06%

EURUSD

1.18

-0.10%

-1.26%

8.21%

GBPUSD

1.33

-0.52%

-1.52%

-9.63%

USDJPY

112.57

-0.80%

0.04%

-6.43%

USDCHF

0.99

-0.25%

0.70%

-1.15%

AUDUSD

0.76

1.87%

1.03%

5.07%

USDCAD

1.29

0.13%

-0.26%

-7.07%

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: April 20, 2018
INTERNATIONAL. Focus of the report is how we are nearing the end of the largest monetary policy experiment of all time in a backdrop of ascendant nationalism, staggering inequality and a widespread loss of hope among the younger generation.
date:Posted: April 19, 2018
UAE. Software technology sector saw most number of professionals changing jobs in 2017; Lack of opportunities for career advancement touted as the biggest reason.
date:Posted: April 19, 2018
LEBANON. Drop due to the suspension of interest-rate subsidies on housing loans at the beginning of the year; The index is at its lowest level since Q2 2015 and the third lowest level in 43 quarterly readings; Reviving demand in Lebanon requires immediate measures and incentives from the government.
INTERNATIONAL. Focus of the report is how we are nearing the end of the largest monetary policy experiment of all time in a backdrop of ascendant nationalism, staggering inequality and a widespread loss of hope among the younger generation.
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