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Investors are expected to remain cautious for the rest of 2017
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon December 11, 2017 11:45 am

UAE. With three weeks remaining till the end of 2017, regional markets are still waiting for a catalyst to move the stagnant water. Five out of the eight indices have a negative performance YTD so far, mainly affected by geopolitical tensions and the lack of any investment catalyst.

Oman lost -12.4% followed by Abu Dhabi, Dubai and Saudi who also joined the losing team with each losing -5.9%, -3.9% and -1.7%, respectively, since the beginning of the year.

On the other hand, Egypt is up by +15.8% YTD, followed by Kuwait +7.6% and Bahrain +3.8%. Crude oil is up +8.17% YTD, remaining above the USD60 per barrel mark, which is observed as a positive indicator for regional economies, and helping in shrinking the fiscal deficits for most of them.

For the rest of 2017 investors are expected to remain cautious, with trading volumes being subdued awaiting for any positive incentive to make a move.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,393.46

-0.78%

-0.78%

-3.89%

Abu Dhabi (ADSMI)

4,276.93

-0.14%

-0.14%

-5.93%

Saudi (SASEIDX)

7,085.51

1.16%

1.16%

-1.73%

Kuwait (KWSE)

6,186.94

-0.15%

-0.15%

7.63%

Egypt (EGX30)

14,294.73

-1.97%

-1.97%

15.79%

Bahrain (BHSEIDX)

1,267.39

-1.27%

-1.27%

3.85%

Oman (MSM30)

5,066.09

-0.85%

-0.85%

-12.39%

TR GCC (Reuters)

183.67

0.12%

0.12%

-9.34%

DJ MENA

526.67

0.00%

0.00%

5.77%

 

 

 

 

 

 

 

 

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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