Regional markets witness increase in IPO activity 
UAE. Investors adopting a cautious approach continued to weigh down global and regional markets for the past week. Regional markets trended downwards this past week with four out of the eight indices in the red zone.
Egypt came out as the worst performer with a -3.5% decline over the week, followed by Abu Dhabi, Qatar and Saudi with -1.1%, -0.8% and -0.6% slides, respectively. Oman, Kuwait, Dubai and Bahrain were modestly up over the same period with +1.0%, +0.8%, +0.3% and +0.2% gains, respectively.
Crude oil remained above the USD60 per barrel mark, however, it was down on a weekly basis by -1.3%, ending the week at USD62.72 per barrel.
Regional markets are witnessing an increase in IPO activity, with Emaar Development IPO being well oversubscribed with strong demand from both international and regional accounts, stimulating investors’ investment appetite and consequently this will reflect positively on future IPO’s in the pipeline such as ADNOC as well as elevate investor sentiment regarding overall market activity.
|
Indexes |
Last |
WTD (%) |
MTD (%) |
YTD (%) |
|
Dubai (DFMGI) |
3,460.21 |
0.30% |
4.83% |
2.00% |
|
Abu Dhabi (ADSMI) |
4,327.58 |
1.11% |
3.39% |
4.81% |
|
Saudi (SASEIDX) |
6,913.46 |
0.59% |
0.30% |
4.12% |
|
Kuwait (KWSE) |
6,309.31 |
0.81% |
3.14% |
9.76% |
|
Egypt (EGX30) |
13,847.36 |
3.50% |
3.45% |
12.17% |
|
Qatar (DSM) |
7,825.77 |
0.76% |
4.16% |
-25.02% |
|
Bahrain (BHSEIDX) |
1,269.90 |
0.18% |
0.53% |
4.05% |
|
Oman (MSM30) |
5,105.67 |
1.00% |
1.90% |
-11.71% |
|
TR GCC (Reuters) |
185.49 |
0.15% |
4.09% |
8.45% |
|
DJ MENA |
526.67 |
0.00% |
0.00% |
5.77% |
|
Commodities & FX |
Last |
WTD (%) |
MTD (%) |
YTD (%) |
|
Oil (Brent) |
62.72 |
1.26% |
2.20% |
68.24% |
|
Natural Gas |
3.10 |
3.61% |
6.94% |
32.52% |
|
Gold |
1294.33 |
1.43% |
1.82% |
22.00% |
|
Silver |
17.31 |
2.41% |
3.69% |
25.13% |
|
EURUSD |
1.18 |
1.11% |
1.28% |
8.59% |
|
GBPUSD |
1.32 |
0.17% |
0.53% |
-10.36% |
|
USDJPY |
112.07 |
1.29% |
1.36% |
-6.84% |
|
USDCHF |
0.99 |
0.72% |
0.91% |
-1.34% |
|
AUDUSD |
0.76 |
-1.25% |
-1.18% |
3.99% |
|
USDCAD |
1.28 |
0.64% |
0.95% |
-7.79% |
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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