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