Investors’ focus to be on individual markets in the region for the coming period – Al Masah Weekly report

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Potential opportunities and flow of foreign funds expected in the coming period.

Global markets ended the week on a positive note, which was mainly driven by the ease in the geo-political scene.

On the regional front, FTSE positive decision granting the inclusion of Tadawul in the EM index was the breaking news during the week; however, the news was already priced in by investors so there were no major surprises in the stocks’ performance.

On the winning team, three out of the seven regional indices ended the week on a positive note, with Egypt leading the pack among its peers recording gains of +2.3%. Saudi Arabia and Abu Dhabi came in next with gains of +0.4% and +0.2%, respectively. On the losing team, Dubai was the worst performer with losses of -1.3%, followed by Bahrain -1.2%, Oman -0.6% and Kuwait -0.4%.

Most of the regional indices ended the first quarter of 2018 on a positive note, led by the Egyptian market with gains of +16.2%, followed by Saudi Arabia +8.9%.

For the coming period, investors’ focus will continue to be on individual markets in the region with potential opportunities and expected flow of foreign funds.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,108.53 -1.30% -4.18% -7.76%
Abu Dhabi (ADSMI) 4,585.40 0.17% -0.27% 4.25%
Saudi (SASEIDX) 7,870.87 0.38% 6.09% 8.92%
Kuwait (KWSE) 6,633.44 -0.43% -2.06% 3.52%
Egypt (EGX30) 17,450.15 2.26% 12.78% 16.19%
Bahrain (BHSEIDX) 1,318.40 -1.16% -3.76% -1.00%
Oman (MSM30) 4,773.51 -0.57% -4.59% -6.39%
TR GCC (Reuters) 190.60 -1.39% -1.41% -0.24%
TR MENA 134.03 -1.14% -0.73% 1.05%

Commodities & FX Last WTD (%) MTD (%) YTD (%)
Oil (Brent) 70.27 1.97% 6.83% 5.08%
Natural Gas 2.73 4.43% 2.47% -7.45%
Gold 1324.00 -0.34% 0.48% 1.65%
Silver 16.32 -0.25% -0.52% -3.70%
EURUSD 1.23 -0.24% 1.05% 2.71%
GBPUSD 1.40 -0.83% 1.85% 3.72%
USDJPY 106.26 1.47% -0.38% -5.69%
USDCHF 0.95 0.68% 0.95% -2.15%
AUDUSD 0.77 -0.23% -1.07% -1.58%
USDCAD 1.29 0.00% 0.48% 2.50%

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.