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.
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.
