Saudi and Kuwait were the best performers with each up by 0.8%, followed by Egypt and Bahrain up by 0.4% and 0.1% respectively
Crude oil ended the week up by 5.45% to close at USD 53.61 per barrel while WTI was up by 5.2% to reach USD 50.33 per barrel. Regional indices had a mixed performance over the week with Saudi and Kuwait coming in as the best performers with each up by 0.8%, followed by Egypt and Bahrain each up by 0.4% and 0.1% respectively.
Dubai came in as the worst performer, losing 1.2% over the week followed by Abu Dhabi – 0.6%. Oman and Qatar each lost – 0.3% and – 0.1% respectively over the week. Regional markets are expected to react positively after the upward movement in oil prices, which is expected to remain for a while backed by the agreement to extend oil production cuts up until March 2018.
|Indexes||Last||WTD (%)||MTD (%)||YTD (%)|
|Abu Dhabi (ADSMI)||4,608.28||-0.19%||1.90%||1.36%|
|TR GCC (Reuters)||200.27||0.83%||0.76%||-1.15%|
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.