Trading volumes are expected to remain muted in the coming period – Al Masah Weekly report

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The Geo-political tensions are rising further at the back of an increase intensifying fear of a trade war between the US and China, reflected negatively on most of the global markets which ended the week in red. Oil prices joined the losing parade, with crude losing most of its YTD gains and ending the week at USD67.11 per barrel and the WTI losing 4.4% on a weekly basis.

On the regional front, most of the indexes ended on a negative note with Bahrain leading the pack with losses of -2.7%, followed by -2.6% in Kuwait, -0.8% and -0.2% in Dubai and Egypt, respectively. On the winning team, Abu Dhabi index was the best performer with gains of +2.2%, adding to its YTD performance to reach +6.6%, mainly driven by the index heavyweight FAB that witnessed a decent foreign inflow on the last trading day of the week. Saudi Arabia ended the week with gains of

+1.0%, followed by Oman with gains of +0.5%.

For the coming period, the global scene will have its effects on investors’ sentiments keeping them on edge, which will be reflected on trading volumes that are likely to remain muted.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,083.37 -0.81% -0.81% -8.51%
Abu Dhabi (ADSMI) 4,688.57 2.25% 2.25% 6.60%
Saudi (SASEIDX) 7,953.36 1.05% 1.05% 10.06%
Kuwait (KWSE) 4,867.87 -2.64% -2.64% 0.60%
Egypt (EGX30) 17,410.59 -0.23% -0.23% 15.92%
Bahrain (BHSEIDX) 1,282.90 -2.69% -2.69% -3.67%
Oman (MSM30) 4,798.90 0.53% 0.53% -5.89%
TR GCC (Reuters) 192.06 0.77% 0.77% 0.52%
TR MENA 134.88 0.63% 0.63% 1.69%

Commodities & FX Last WTD (%) MTD (%) YTD (%)
Oil (Brent) 67.11 -4.50% -4.50% 0.36%
Natural Gas 2.70 -1.17% -1.17% -8.53%
Gold 1332.89 0.67% 0.67% 2.34%
Silver 16.35 0.18% 0.18% -3.53%
EURUSD 1.23 -0.32% -0.32% 2.38%
GBPUSD 1.41 0.54% 0.54% 4.28%
USDJPY 106.91 0.61% 0.61% -5.11%
USDCHF 0.96 0.59% 0.59% -1.57%
AUDUSD 0.77 -0.04% -0.04% -1.62%
USDCAD 1.28 -0.85% -0.85% 1.63%

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.