More cautious trading expected as regional markets slog through the summer – Al Masah Capital weekly report


The relative repercussions to the regional geopolitical situation continued to affect another week of trading.

Generally, volumes have dropped off as investors prefer to move to the sidelines and wait – with summer vacations also kicking in, this may be a safe strategy to adopt. However, pockets of opportunity are still available for the smart investor – UAE has been driven up recently by Emaar’s announcement to IPO its retail business and payout a dividend from the IPO proceeds.

Egypt soldiers on, with selling cycles being met with targeted buying from long term investors. Saudi is certainly in a holding pattern, with many eyes on the MSCI announcement – if Saudi gets put on the wait list, a market rally could follow.

As we head into the 3rd week of June, expect more of cautious trading, as regional markets slog through the summer.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,459.44 1.75% 3.60% -2.02%
Abu Dhabi (ADSMI) 4,501.77 0.56% 1.68% -0.98%
Saudi (SASEIDX) 6,820.81 -0.65% -0.73% -5.40%
Kuwait (KWSE) 6,810.68 0.40% 0.37% 18.49%
Egypt (EGX30) 13,478.75 -1.50% 1.04% 9.18%
Qatar (DSM) 9,257.90 0.22% -6.50% -11.30%
Bahrain (BHSEIDX) 1,327.02 0.27% 0.55% 8.73%
Oman (MSM30) 5,248.41 -1.99% -3.20% -9.24%
TR GCC (Reuters) 194.00 -0.79% -2.51% -4.24%
DJ MENA 506.77 -0.26% -0.75% 1.77%

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.