Regional trading activity will continue to be dominated by Wall Street
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Sun February 11, 2018 3:59 pm

UAE. Global markets have witnessed downward pressure throughout the week as investors continued to offload their positions to shift safe haven to minimize the risk of the overall portfolio. The pattern seen in Wall Street led the sentiments across the global markets, which continued to deepen the losses during the week.

On the regional front, all of the eight indexes under coverage witnessed similar pattern as they all reported losses during the week. Saudi Arabia was the worst performer during the week with losses of 3.3%, followed by 2.5% in Dubai and 1.8% in Bahrain. The losses during the week have pushed Dubai and Egypt into the negative territory for the year, while Oman extended the losses on the back of sluggish performance during the week.

Going forward, the trading activity will continue to be dominated by the movement in Wall Street but regional investors will try to find some support from the earnings to take tactical positions in a highly volatile environment.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,325.62

-2.54%

-2.03%

-1.32%

Abu Dhabi (ADSMI)

4,599.47

-0.28%

-0.06%

4.57%

Saudi (SASEIDX)

7,403.15

-3.30%

-3.23%

2.45%

Kuwait (KWSE)

6,654.55

-0.46%

-0.50%

3.85%

Egypt (EGX30)

14,921.29

-1.11%

-0.80%

-0.65%

Bahrain (BHSEIDX)

1,333.02

-1.82%

-1.31%

0.10%

Oman (MSM30)

5,006.62

-0.57%

0.13%

-1.82%

TR GCC (Reuters)

196.06

-1.82%

-1.47%

2.62%

DJ MENA

526.67

0.00%

0.00%

0.00%

 
 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

62.79

-7.14%

-9.07%

-6.10%

Natural Gas

2.58

-5.93%

-13.72%

-12.50%

Gold

1316.26

-1.71%

-2.11%

1.06%

Silver

16.35

-2.31%

-5.53%

-3.50%

EURUSD

1.22

-1.82%

-1.51%

1.98%

GBPUSD

1.38

-2.02%

-2.50%

2.39%

USDJPY

108.78

-1.19%

-0.36%

-3.45%

USDCHF

0.94

0.96%

0.93%

-3.53%

AUDUSD

0.78

-1.36%

-3.00%

0.14%

USDCAD

1.26

1.22%

2.14%

-0.01%

About Al Masah Capital
Al Masah Capital is one of the fastest growing alternative asset management and advisory firms focusedon 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: February 19, 2019
UAE. Aging and growing populations, greater prevalence of chronic diseases, and advances in digital technologies continue to drive health care expenditures; NCDs continue to rise, fueled by urbanization, sedentary lifestyles, changing diets, and rising obesity levels.
date:Posted: February 18, 2019
BAHRAIN. Oxford Business Group launches 2019 publication on kingdom; The report provides in-depth coverage of the sectors that are attracting new investment.
date:Posted: February 18, 2019
UAE.The report found that IT groups have once again stated cybersecurity skills represents the biggest area they experience a problematic skills shortage; percentage of IT groups experiencing this problematic shortage has grown year-over year.
UAE. Aging and growing populations, greater prevalence of chronic diseases, and advances in digital technologies continue to drive health care expenditures; NCDs continue to rise, fueled by urbanization, sedentary lifestyles, changing diets, and rising obesity levels.
dhgate