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Regional markets expected to experience subdued trading activity
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon June 4, 2018 12:58 pm

UAE. A stronger than expected US jobs report lifted most of the global markets higher at the end of last week.

For the month of May, the geopolitical tensions coupled with Ramadan had a negative effect on regional indices’ monthly performance, except for Bahrain and Kuwait which ended on a modestly positive note, reporting gains of 0.6% and 0.5%, respectively.

Egypt came in as the worst performer among its peers over the month with losses of 10.3% after the index reached its all-time highs in April, followed by Dubai and Oman with a negative performance of 3.3% and 2.6%, respectively. Abu Dhabi and Saudi Arabia ended the month down by 1.4% and 0.6%, respectively.

The coming period will be affected by the aftermath of the MSCI rebalances that took place at the end of last week, coupled with Ramadan and the upcoming holiday season. Regional markets are likely to experience a subdued trading activity.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

2,964.13

0.33%

-3.32%

-12.05%

Abu Dhabi (ADSMI)

4,605.04

0.09%

-1.38%

4.70%

Saudi (SASEIDX)

8,161.08

1.53%

-0.58%

12.94%

Kuwait (KWSE)

4,816.34

0.14%

0.47%

-3.67%

Egypt (EGX30)

16,414.53

-1.32%

-10.28%

9.29%

Bahrain (BHSEIDX)

1,265.80

0.21%

0.63%

-4.95%

Oman (MSM30)

4,606.68

0.93%

-2.59%

-9.66%

TR GCC (Reuters)

194.27

0.66%

-1.14%

1.68%

TR MENA

135.54

0.50%

-0.02%

2.19%

 

 

 

 

 

 

 

 

 

 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

76.79

0.46%

-1.03%

14.83%

Natural Gas

2.96

0.78%

0.34%

0.30%

Gold

1292.74

-0.65%

-0.40%

-0.75%

Silver

16.35

-0.78%

0.01%

-3.51%

EURUSD

1.17

0.09%

-0.26%

-2.80%

GBPUSD

1.33

0.30%

0.37%

-1.22%

USDJPY

109.53

0.14%

0.66%

-2.79%

USDCHF

0.99

-0.16%

0.23%

1.41%

AUDUSD

0.76

0.24%

-0.01%

-3.01%

USDCAD

1.29

-0.18%

-0.07%

2.94%

 

 

 

 

 

 

 

 

 

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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