Positive investors’ sentiments had its effect on regional markets in January – Al Masah Weekly report

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A stronger than expected US jobs report, drove interest rates higher, and equity markets lower at the end of last week. Oil prices also joined the negative move at the end of the week, mainly affected by the rise in oil production in the US, to end the week at USD68.58 per barrel, down by -2.2% W-o-W.

For the month of January, investors’ sentiments backed by stronger macro views had its positive effect on all of the regional indices with the exception of Oman that went down by -1.9%.  Saudi Arabia came in as the best performer among its peers over the month with +5.9% increase, followed by Abu Dhabi and Kuwait that also went up by +4.6% and +4.4%, respectively. Bahrain, Dubai and Egypt all followed by +1.4%, +0.7% and +0.2%, respectively M-o-M.

The coming period will be affected by the global negative lead from last week, driving regional indices to trade sideways with biasness towards the down- side.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,412.26 -1.63% 0.53% 1.25%
Abu Dhabi (ADSMI) 4,612.33 -0.67% 0.22% 4.86%
Saudi (SASEIDX) 7,656.07 1.79% 0.08% 5.95%
Kuwait (KWSE) 6,685.23 0.50% -0.04% 4.33%
Egypt (EGX30) 15,088.66 -0.54% 0.31% 0.46%
Bahrain (BHSEIDX) 1,357.68 1.19% 0.52% 1.95%
Oman (MSM30) 5,035.23 0.55% 0.71% -1.26%
TR GCC (Reuters) 199.69 -1.79% 0.36% 4.52%
DJ MENA 526.67 0.00% 0.00% 0.00%

Commodities & FX Last WTD (%) MTD (%) YTD (%)
Oil (Brent) 68.58 -2.75% -0.68% 2.56%
Natural Gas 2.85 -18.80% -4.97% -3.62%
Gold 1332.92 -1.25% -0.88% 2.34%
Silver 16.59 -4.58% -4.14% -2.08%
EURUSD 1.25 0.33% 0.32% 3.87%
GBPUSD 1.41 -0.34% -0.49% 4.50%
USDJPY 110.09 1.28% 0.84% -2.29%
USDCHF 0.93 -0.27% -0.02% -4.44%
AUDUSD 0.79 -2.33% -1.66% 1.53%
USDCAD 1.24 0.93% 0.90% -1.22%

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.