Regional markets ended the week in negative territory due to newly introduced policies by the US government – Al Masah Capital Weekly Report


On the global front, international markets saw a higher ending for the week as a stronger than expected employment report had a positive effect on US markets. Dow Jones, Nasdaq and S&P500 were all up on the last day of the week by 0.9%, 0.5% and 0.7% respectively. Europe also was in green territory with Stoxx 50, FTSE 100 and CAC were all up by 0.6%, 0.7% and 0.6% respectively.

In the regional markets, volatility was last week’s theme as investors’ increased cautiousness was backed by the ambiguity around recent newly introduced policies by the US government causing regional markets to end the week in negative territory.

For the week, Qatar and Abu Dhabi led the losses with both down by 3.8%. Egypt came in next ending the week lower by 2.2%, this despite rising 1.8% on the last day of the week as investors tried to take advantage of dampened prices. Dubai also went down by 2.1% dragged mainly by heavily weighted stock, Emaar which went down 4.6% on the week. Saudi Arabia ended the week with the lowest losses among its peers, as it went down by only 0.5%.

With geopolitics and volatile global diplomacy taking center stage, regional investors may remain largely on the sidelines, willing to lock in profits from the move that started in November and wait to see how this new world order develops.

Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,623.75 -2.10% -0.52% 2.63%
Abu Dhabi (ADSMI) 4,446.21 -3.85% -2.26% -2.20%
Saudi (SASEIDX) 7,098.64 -0.51% -0.05% -1.55%
Kuwait (KWSE) 6,843.53 -0.13% 0.17% 19.06%
Egypt (EGX30) 12,806.07 -2.18% 1.05% 3.74%
Qatar (DSM) 10,570.41 -3.82% -0.25% 1.28%
Bahrain (BHSEIDX) 1,307.75 0.59% 0.31% 7.15%
Oman (MSM30) 5,802.62 0.90% 0.46% 0.34%
TR GCC (Reuters) 207.81 -2.70% -0.80% 2.57%
DJ MENA 526.93 -1.41% 5.57% 5.82%

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.