Positive performance by all regional markets for the week – Al Masah Capital Weekly Report


2Q earnings will have positive effect on regional markets’ performances in the coming period.

A very positive week for regional markets, where all indices were in black with Qatar coming on top. Supported by 2Q 2017 earnings, all regional markets witnessed a positive performance for the week, Qatar advanced by 6.1% supported by QNBK’s 2Q 2017 earnings where the bank reported a 2% increase in its profits to reach QAR 3.45 billion.

Dubai, Egypt, and Abu Dhabi markets came in next with each advancing by 4.0% 3.4% and 2.8% respectively. Kuwait, Saudi and Bahrain also advanced by 1.6%, 1.5% and 0.5% respectively while Oman remained unchanged for the week.

Oil prices cheered for the overall performance of regional markets with crude oil being up by 4.7% while WTI was also up by 5.2% over the week, reaching USD 48.91 and USD 46.54 per barrel respectively.

Second quarter earnings coupled with any solution to the current tensions in the regional political scene will have its positive effect on regional markets’ performances in the coming period.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,537.42 4.01% 4.29% 0.19%
Abu Dhabi (ADSMI) 4,518.07 2.77% 2.09% -0.62%
Saudi (SASEIDX) 7,313.42 1.52% -1.51% 1.43%
Kuwait (KWSE) 6,788.48 1.62% 0.38% 18.10%
Egypt (EGX30) 13,822.59 3.39% 3.19% 11.97%
Qatar (DSM) 9,469.93 6.13% 4.87% -9.26%
Bahrain (BHSEIDX) 1,317.38 0.50% 0.56% 7.94%
Oman (MSM30) 5,121.38 0.04% 0.06% -11.44%
TR GCC (Reuters) 198.97 4.02% 3.98% -1.79%
DJ MENA 530.28 2.37% 0.89% 6.49%

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.