Kuwait emerges as the surprising winner of the New Year, locking in over 20% monthly gains


Egypt and Qatar have positively followed Kuwait in showcasing a healthy January gains with the UAE markets rounding off the winners – Reports Al Masah Capital

Despite pockets of profit taking and selling induced by investors taking some money off the table, regional markets look like they are going to close January with heavy green look and impressive gains across the board.

Even Saudi which lagged the others played catch up last week and in the next few days may be able to finish the month in the green which is a far better picture then a few weeks ago.

Kuwait emerges as the surprising winner of the new 2017 start, locking in over 20% monthly gains – very few concrete reasons to be found for this rally other than the fact that having endured a rough 3 year stretch that started in early 2013, maybe the time has come for a new cycle.

Egypt and Qatar have followed Kuwait in also putting in healthy January gains with the UAE markets rounding off the winners. To put things in perspective the January gains are an extension of the move that started in November, coinciding with the OPEC deal. As we move into February, investors will gauge the underlying strength of this new cycle and allocate more if strength remains or move to lock in gains if the rally falters.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,701.46 0.30% 4.83% 4.83%
Abu Dhabi (ADSMI) 4,624.17 -1.71% 1.71% 1.71%
Saudi (SASEIDX) 7,134.88 3.77% -1.05% -1.05%
Kuwait (KWSE) 6,852.30 6.47% 19.21% 19.21%
Egypt (EGX30) 13,091.05 2.22% 6.04% 6.04%
Qatar (DSM) 10,989.76 0.44% 5.30% 5.30%
Bahrain (BHSEIDX) 1,300.06 4.87% 6.52% 6.52%
Oman (MSM30) 5,750.96 0.29% -0.55% -0.55%
TR GCC (Reuters) 213.57 0.75% 5.41% 5.41%
DJ MENA 534.44 2.52% 7.08% 7.33%

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.