On a weekly basis, Kuwait was on top of the losing team with -0.9% down, followed by Dubai down by -0.7% and each of Abu Dhabi, Saudi and Qatar down by -0.6%. Oman, Egypt and Bahrain advanced week on week by 2.0%, 0.6% and 0.3%, respectively.
Crude oil ended the week at USD 56.89 per barrel sustaining its upward trend that started mid of June this year. Gold is back down to USD 1,297.3 per ounce, down from its highs that reached USD 1,349 per ounce early September.
Subdued volumes in regional markets are expected for the coming period backed by global and regional uncertainties with investors’ waiting for any material catalyst to move the stagnant waters.
|Indexes||Last||WTD (%)||MTD (%)||YTD (%)|
|Abu Dhabi (ADSMI)||4,455.09||-0.58%||-0.30%||-2.01%|
|TR GCC (Reuters)||197.98||0.11%||-0.51%||-2.28%|
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.