Regional markets ended the month of June on a mixed note
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon July 2, 2018 1:15 pm

UAE. On the international front, fears of a trade war between the two largest economies have calmed down leaving most indices in the green on Friday.

Oil was in the limelight this week, with gains of +5.2% W-o-W for Brent, reaching USD79.23 per barrel, while WTI reached its highest level since December 2014 ending the week at USD74.15 per barrel, as renewed fears of US sanctions against Iran threatens to remove a substantial volume of crude from global markets.

For the month of June, UAE markets came in as the worst performers among their peers driven by news that the private equity firm Abraaj was filing for liquidation. The DFM and ADSM both went down by -4.8% and -1.0%, respectively, over the month, followed by Oman and Egypt coming down marginally by -0.8% and -0.4%, respectively, over the same period.

Bahrain came in as the best performer among its peers with gains of +3.6% over the month, followed by Saudi Arabia and Kuwait with gains of +1.9% and +1.0%, respectively.

The MSCI EM rebalancing news that took place in June had its positive effect on the Saudi market, which is expected to continue for the coming period. The Holiday season is starting, and it is expected to have its effect on trading volumes in the regional markets.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

2,821.00

-3.66%

-4.83%

-16.29%

Abu Dhabi (ADSMI)

4,560.03

0.55%

-0.98%

3.67%

Saudi (SASEIDX)

8,314.19

1.31%

1.88%

15.05%

Kuwait (KWSE)

4,863.51

0.13%

0.98%

0.74%

Egypt (EGX30)

16,348.55

0.02%

-0.40%

8.85%

Bahrain (BHSEIDX)

1,310.99

0.12%

3.57%

-1.56%

Oman (MSM30)

4,571.75

-0.83%

-0.76%

-10.35%

TR GCC (Reuters)

196.01

0.74%

0.90%

2.59%

TR MENA

136.41

0.59%

0.62%

2.84%

 

 

 

 

 

 

 

 

 

 

 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

79.44

5.15%

2.38%

18.80%

Natural Gas

2.92

-0.71%

-0.95%

-0.98%

Gold

1252.25

-1.28%

-3.52%

-3.85%

Silver

16.08

-2.15%

-1.65%

-5.11%

EURUSD

1.17

0.24%

-0.06%

-2.61%

GBPUSD

1.32

-0.46%

-0.68%

-2.26%

USDJPY

110.66

0.64%

1.70%

-1.78%

USDCHF

0.99

0.24%

0.46%

1.63%

AUDUSD

0.74

-0.50%

-2.18%

-5.11%

USDCAD

1.31

-1.05%

1.34%

4.40%

 

 

 

 

 

 

 

 

 

 

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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