Both indexes cheering the released data on Thursday marking the improvement in US economic conditions with weekly jobless claims remaining around their lowest levels in decades. Crude oil ended the week below the USD 56 handle reaching USD 55.81 on Friday, lower than its levels in the previous week by 1.57%, while WTI reached USD53.40.
Regional markets ended the week mostly in the green with Kuwait, Saudi Arabia, Abu Dhabi and Qatar all up 3.7%, 2.3%, 1.6% and 1.55% respectively. On the other hand, Egypt and Dubai ended the week lower by 3.5% and 0.87% respectively.
With the wave of positive sentiments coming from the international markets, regional markets maybe expected to imitate their global peers in the coming week. However, reactions to corporate earnings and fluctuating volume levels, may hinder the current upward trend.
|Indexes||Last||WTD (%)||MTD (%)||YTD (%)|
|Abu Dhabi (ADSMI)||4,643.21||1.61%||2.08%||2.13%|
|TR GCC (Reuters)||212.80||1.40%||1.58%||5.03%|
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, Al Masah advises qualifying investors on growth opportunities in 13 focus markets in MENA and South East Asia.