2018 continues to boost hope and optimism among investors worldwide 
UAE. 2018 continues to boost hope and optimism among investors worldwide, with almost all of the main indices ending the second week of the year on a positive note.
Regional markets joined the parade, with all six indices ending the week in the green territory, with only Oman having a marginally lower weekly performance of -0.3%. Egypt comes as the best performer among its peers over the week, going up by +3.1% , followed by Kuwait +1.6%, Dubai and Abu Dhabi each up by +0.9%, while Saudi Arabia advanced by +0.8%, followed by Bahrain +0.3%.
Oil prices rose for a sixth day on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production. Brent was trading just below the USD70 per barrel.
For the coming period, investors’ optimism will continue driving trading activities in the region higher backed by the increase in oil prices and governments’ improved macro outlook based on this increase.
|
Indexes |
Last |
WTD (%) |
MTD (%) |
YTD (%) |
|
Dubai (DFMGI) |
3,494.63 |
0.90% |
3.70% |
3.70% |
|
Abu Dhabi (ADSMI) |
4,591.11 |
0.94% |
4.38% |
4.38% |
|
Saudi (SASEIDX) |
7,338.04 |
0.84% |
1.55% |
1.55% |
|
Kuwait (KWSE) |
6,560.63 |
1.65% |
2.38% |
2.38% |
|
Egypt (EGX30) |
15,242.48 |
3.11% |
1.49% |
1.49% |
|
Bahrain (BHSEIDX) |
1,316.88 |
0.35% |
-1.11% |
-1.11% |
|
Oman (MSM30) |
5,087.47 |
-0.34% |
-0.23% |
-0.23% |
|
TR GCC (Reuters) |
200.90 |
2.61% |
5.15% |
5.15% |
|
DJ MENA |
526.67 |
0.00% |
0.00% |
0.00% |
|
Commodities & FX |
Last |
WTD (%) |
MTD (%) |
YTD (%) |
|
Oil (Brent) |
69.87 |
3.08% |
4.49% |
4.49% |
|
Natural Gas |
3.20 |
12.87% |
8.36% |
8.36% |
|
Gold |
1338.34 |
1.35% |
2.76% |
2.76% |
|
Silver |
17.25 |
0.65% |
1.81% |
1.81% |
|
EURUSD |
1.22 |
1.31% |
1.58% |
1.58% |
|
GBPUSD |
1.37 |
1.17% |
1.59% |
1.59% |
|
USDJPY |
111.03 |
-1.80% |
-1.46% |
-1.46% |
|
USDCHF |
0.97 |
-0.72% |
-0.65% |
-0.65% |
|
AUDUSD |
0.79 |
0.64% |
1.42% |
1.42% |
|
USDCAD |
1.25 |
0.39% |
-0.97% |
-0.97% |
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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