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Sentiment in the region remains positive as 5 out of 8 indexes end in green
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon April 23, 2018 1:02 pm

UAE. Global markets have ended higher during the week as strong earnings and positive developments on the economic front boosted sentiments.

Further, oil prices continued to maintain the positive momentum with gains of 2.0% W-o-W to reach USD 74.06 per barrel at the end of the week.

Going forward, investors will continue to take cues from first quarter earnings, which will help accessing the overall economic environment and further substantiate the optimistic outlook highlighted during the fourth quarter of 2017.

On the regional front, the sentiments were mostly positive during the week as five out of the eight indexes ending in green, while three were in the negative territory. Saudi Arabia was the best performer, recording gains of 5.8% during the week, as the index continues to remain the most preferred market, supported by continued funds inflow.

The gains recorded during the week added to YTD performance of 14.5%, the second best in the region. Kuwait and Dubai continued to remain under pressure as both markets ended lower by 0.5% and 0.4%, respectively, for the week.

Regional investors will remain index biased unless the strong first quarter earnings warrant a change in perception.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,082.09

-0.40%

-0.85%

-8.55%

Abu Dhabi (ADSMI)

4,706.56

1.15%

2.64%

7.01%

Saudi (SASEIDX)

8,277.14

5.79%

5.16%

14.54%

Kuwait (KWSE)

4,839.37

-0.51%

-3.21%

0.50%

Egypt (EGX30)

17,781.02

0.94%

1.90%

18.39%

Qatar (DSM)

9,196.62

3.12%

7.26%

7.90%

Bahrain (BHSEIDX)

1,301.40

0.77%

-1.29%

-2.28%

Oman (MSM30)

4,759.65

-0.35%

-0.29%

-6.66%

TR GCC (Reuters)

197.78

3.62%

3.77%

3.52%

TR MENA

138.70

3.38%

3.48%

4.57%

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

74.06

2.04%

5.39%

10.75%

Natural Gas

2.74

0.15%

0.22%

-7.25%

Gold

1334.72

-0.77%

0.81%

2.48%

Silver

17.11

2.96%

4.85%

0.97%

EURUSD

1.23

-0.35%

-0.28%

2.42%

GBPUSD

1.40

-1.66%

-0.09%

3.63%

USDJPY

107.65

0.30%

1.31%

-4.46%

USDCHF

0.97

1.27%

2.20%

0.01%

AUDUSD

0.77

-1.21%

-0.08%

-1.65%

USDCAD

1.28

1.17%

-1.04%

1.43%

 

 

 

 

 

  

 

 

 

 

 

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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