Regional markets expected to witness range-bound trading activity this week
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon March 5, 2018 12:04 pm

UAE. Regional markets’ main indices witnessed a mixed performance last week, driven mainly by lack of catalysts and lower oil prices.

The DFMGI was on top of the losing team, having a weekly decrease of -2.4%, adding to its YTD performance to be down by -4.8%. The index’s second heavy weight stock, Dubai Islamic Bank (DIB), mainly drove the decrease,  as it went ex-div.

TASI came in second during the week with losses of -1.5%, driven mainly by weaker oil prices, where crude oil ended the week at USD64.37  per barrel, which translated  into a weekly  loss of -4%.

Bahrain ended the week on a positive note with +1.6% increase, followed by Kuwait, Egypt and Oman all ending the week with a marginal increase of +0.8%, while Abu Dhabi was almost flat during the same period.

The coming period is expected to witness range-bound trading activity for regional markets in the absence of drivers and limited international activity.

 

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,208.98

-2.36%

-1.08%

-4.78%

Abu Dhabi (ADSMI)

4,594.98

0.34%

-0.06%

4.47%

Saudi (SASEIDX)

7,411.16

-1.52%

-0.10%

2.56%

Kuwait (KWSE)

6,807.90

0.76%

0.52%

6.24%

Egypt (EGX30)

15,443.18

0.81%

-0.19%

2.82%

Bahrain (BHSEIDX)

1,373.45

1.60%

0.26%

3.13%

Oman (MSM30)

5,011.79

0.80%

0.17%

-1.72%

TR GCC (Reuters)

193.51

-1.70%

0.09%

1.28%

DJ MENA

526.67

0.00%

0.00%

0.00%

 
 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

64.37

-4.37%

-2.14%

-3.74%

Natural Gas

2.70

2.67%

1.05%

-8.74%

Gold

1322.17

-0.50%

0.34%

1.51%

Silver

16.49

-0.28%

0.52%

-2.69%

EURUSD

1.23

0.20%

1.02%

2.68%

GBPUSD

1.38

-1.17%

0.31%

2.15%

USDJPY

105.73

-1.08%

-0.88%

-6.16%

USDCHF

0.94

0.15%

-0.68%

-3.73%

AUDUSD

0.78

-1.02%

0.01%

-0.50%

USDCAD

1.29

1.98%

0.37%

2.39%

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

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