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Regional markets' to be positively affected by global sentiment ,higher oil prices
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon February 26, 2018 2:13 pm

UAE. US markets ended last week in the black, maintaining its YTD positive performance so far, and mainly affected by a further slip in interest rates.

On the regional front, most of the main indices ended the week on a subdued note, with Egypt’s index being the best performer among its peers, advancing by +2.4% followed by Bahrain +0.9%, and Saudi +0.2%.

The DFM was the worst performer among its peers going down by -1.3%, followed by Oman -0.9% and Kuwait -0.1%, while Abu Dhabi remained unchanged over the same period. Crude oil continued its upward movement with a W-o-W increase of +3.8%, closing at USD67.31 per barrel.

The positive sentiment in the global markets supported by the increase in oil prices will have its positive effect on regional markets’ performance in the coming period.

 

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,286.54

-1.32%

-3.18%

-2.48%

Abu Dhabi (ADSMI)

4,579.60

0.05%

-0.49%

4.12%

Saudi (SASEIDX)

7,525.22

0.20%

-1.63%

4.14%

Kuwait (KWSE)

6,756.54

-0.11%

1.03%

5.44%

Egypt (EGX30)

15,318.92

2.36%

1.84%

2.00%

Bahrain (BHSEIDX)

1,351.81

0.90%

0.08%

1.51%

Oman (MSM30)

4,972.01

-0.89%

-0.56%

-2.50%

TR GCC (Reuters)

196.85

0.15%

-1.07%

3.03%

DJ MENA

526.67

0.00%

0.00%

0.00%

 
 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

67.31

3.81%

-2.52%

0.66%

Natural Gas

2.63

2.62%

-12.35%

-11.11%

Gold

1328.87

-1.40%

-1.18%

2.03%

Silver

16.54

-0.79%

-4.47%

-2.42%

EURUSD

1.23

-0.89%

-1.02%

2.48%

GBPUSD

1.40

-0.53%

-1.59%

3.35%

USDJPY

106.88

0.55%

-2.10%

-5.14%

USDCHF

0.94

0.97%

0.58%

-3.87%

AUDUSD

0.78

-0.86%

-2.63%

0.53%

USDCAD

1.26

0.58%

2.56%

0.41%

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

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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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