Most regional markets are without a clear direction and still dealing with investor apathy – Al Masah Capital Weekly Report


Global markets inched higher at the end of last week with US markets reaching all times highs and disregarding any geopolitical tensions with North Korea.

Oil prices also inched up as well, reaching USD52.62 on Friday on the back of a disruptive US hurricane season and signals that OPEC members are willing to extend the cuts till the end of 2018. The Gold euphoria has understandably succumbed to profit taking with the precious commodity reaching USD 1,320 per ounce, down from its highs of USD1,349 per ounce last week.

Regional markets traded sideways last week, with the exception of the Qatari market which reached close to its 5 year lows, the conflict with other GCC countries continuing to have an impact. The Qatari index lost 3 .1% on a weekly basis, extending its year to date losses to 19.4%. Egypt was the best performer index among its peers, with gains of +1.3%, followed by Abu Dhabi +0.6% , Dubai +0.4% and Saudi Arabia and Kuwait each being up by +0.2%.

Halfway through the month, most regional markets are without a clear direction and still dealing with investor apathy – this week investors will look for a change in this particular status quo.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,657.23 0.35% 0.54% 3.58%
Abu Dhabi (ADSMI) 4,481.19 0.62% 0.29% -1.43%
Saudi (SASEIDX) 7,373.17 0.17% 1.58% 2.26%
Kuwait (KWSE) 6,913.86 0.24% 0.32% 20.28%
Egypt (EGX30) 13,610.61 1.32% 1.45% 10.25%
Qatar (DSM) 8,409.48 -3.07% -4.44% -19.42%
Bahrain (BHSEIDX) 1,303.78 -0.89% 0.10% 6.83%
Oman (MSM30) 5,002.46 -0.88% -0.99% -13.49%
TR GCC (Reuters) 197.76 -0.14% -0.62% -2.39%
DJ MENA 534.38 0.20% 1.02% 7.32%

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.