Dubai, Abu Dhabi, Kuwait and Oman ended the week up by 1.9%, 0.6%, 0.3% and 0.2% respectively.
Global markets ended last week high, affected by US positive jobs report that exceeded expectations, with Dow Jones, S&P 500 and NASDAQ recording all-time life highs on Friday.
Oil followed the same path as global equities, ending the week above the USD 50 mark, with Crude was modestly up by 0.4% ending Friday at USD 52.42 per barrel while WTI ended the week at USD 49.58 per barrel.
Over the week, regional markets had a mixed performance with UAE markets leading the gainers. Dubai, Abu Dhabi, Kuwait and Oman ended the week up by 1.9%, 0.6%, 0.3% and 0.2% respectively. Qatar was the worst performer over the week, losing 165 points translated into a – 1.7% w-o-w. Egypt, Saudi and Bahrain also went down by 1.4%, 1.2% and 1.0% over the same period.
The global optimism will have its effects on regional markets in the coming period, however, summer vacations and investors’ concerns on the geopolitical scene in the region may have its effect on trading volumes.
| Indexes | Last | WTD (%) | MTD (%) | YTD (%) |
| Dubai (DFMGI) | 3,675.12 | 1.91% | 1.15% | 4.09% |
| Abu Dhabi (ADSMI) | 4,596.03 | 0.61% | 0.65% | 1.09% |
| Saudi (SASEIDX) | 7,085.56 | -1.25% | -0.12% | -1.73% |
| Kuwait (KWSE) | 6,825.70 | 0.30% | -0.38% | 18.75% |
| Egypt (EGX30) | 13,413.12 | -1.44% | -0.05% | 8.65% |
| Qatar (DSM) | 9,398.09 | -1.73% | -0.08% | -9.95% |
| Bahrain (BHSEIDX) | 1,322.58 | -0.97% | -0.39% | 8.37% |
| Oman (MSM30) | 5,057.57 | 0.20% | 0.66% | -12.54% |
| TR GCC (Reuters) | 202.21 | -0.49% | 0.15% | -0.19% |
| DJ MENA | 525.07 | -0.86% | 0.10% | 5.45% |
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.
