Regional indices end the month of November on a mixed note
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon December 4, 2017 1:24 pm

UAE. Oman came through as the best performer in the regional indices with gains of +2.0% over the month, followed by Egypt advancing by +1.7%, while Saudi Arabia and Bahrain gained +1.0% and +0.6%, respectively.

Dubai led the losing team with losses of -5.9%, followed by Kuwait, and Abu Dhabi indices each losing -4.9%, and -4.4%, respectively.

Crude oil is still maintaining its position above the USD60 per barrel mark, ending November up +3.1% over the last month. The active regional IPO pipeline, coupled with high oil prices and any positive news in the geopolitical scene will act as a catalyst to the subdued activity that the markets are witnessing recently.

Indexes 

Last 

WTD (%) 

MTD (%) 

YTD (%) 

Dubai (DFMGI) 

3,420.17 

-1.18% 

-5.93% 

-3.14% 

Abu Dhabi (ADSMI) 

4,283.07 

-0.09% 

-4.39% 

-5.79% 

Saudi (SASEIDX) 

7,003.97 

1.83% 

1.00% 

-2.86% 

Kuwait (KWSE) 

6,196.50 

-0.69% 

-4.87% 

7.80% 

Egypt (EGX30) 

14,582.22 

3.37% 

1.67% 

18.12% 

Bahrain (BHSEIDX) 

1,283.71 

0.56% 

0.55% 

5.18% 

Oman (MSM30) 

5,109.62 

0.46% 

1.97% 

-11.64% 

TR GCC (Reuters) 

183.45 

-0.24% 

-5.15% 

-9.45% 

DJ MENA 

526.67 

0.00% 

0.26% 

5.77% 

Commodities & FX 

Last 

WTD (%) 

MTD (%) 

YTD (%) 

Oil (Brent) 

60.49 

3.51% 

5.13% 

62.26% 

Natural Gas 

2.89 

-0.89% 

-3.79% 

23.79% 

Gold 

1274.01 

-0.23% 

-0.40% 

20.09% 

Silver 

17.12 

1.24% 

3.10% 

23.79% 

EURUSD 

1.19 

-0.34% 

0.65% 

9.48% 

GBPUSD 

1.35 

1.01% 

0.55% 

-8.60% 

USDJPY 

112.10 

0.51% 

-0.33% 

-6.82% 

USDCHF 

0.98 

-0.34% 

0.86% 

-2.55% 

AUDUSD 

0.76 

-0.04% 

-2.86% 

4.59% 

USDCAD 

1.27 

-0.25% 

1.72% 

-8.37% 

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

date:Posted: December 10, 2018
UAE. After fantastic returns in 2017 everywhere, 2018 is a sea of red; Volatility rules, despite objective good news on the political front; Patience recommended as markets undershoot fundamentals.
date:Posted: December 10, 2018
UAE. Retail sales across four Gulf countries are projected to increase by more than US$24 billion over the next five years, according to new research from Euromonitor International; UAE's US$55 billion retail industry forecast to grow 16% by 2023.
date:Posted: December 9, 2018
UAE. When asked about their motivation for a new career, the most common reason was "to find their real passion" (57.7%), followed by “better compensation” (18.1%).
dhgate