Most of the regional main indices ended the second week of March on a negative note, with Dubai and Oman being the worst performers among their peers with losses of -1.6% each WoW. Abu Dhabi market came next with negative performance of -1.5%, followed by Kuwait -0.4% and Bahrain -0.2%. On the winning team, Egypt came as the best performer with weekly gains of +6.7%, adding to its YTD performance to reach +9.7%, followed by Saudi that rose by +2.0% over the same period, adding to its YTD performance to be +5.8%.
Oil prices has strengthened over the week, with crude oil increasing by +1.7% recording USD 65.49 per barrel and WTI increasing by +1.3% recording USD62.04 per barrel.
|Indexes||Last||WTD (%)||MTD (%)||YTD (%)|
|Abu Dhabi (ADSMI)||4,527.10||-1.48%||-1.53%||2.93%|
|TR GCC (Reuters)||189.22||-2.22%||-2.13%||-0.96%|
|Commodities & FX||Last||WTD (%)||MTD (%)||YTD (%)|
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.