Regional indices witnessed a mixed performance over the week. Egypt and Dubai advanced over the week with each going up by 1.6% and 1.4% respectively while Saudi Arabia remained unchanged.
Risk jumped in the region last week as unprecedented geopolitical developments occurred rapidly. Despite these tensions, oil was down by 3.6% over the week, failing to sustain above USD 50 pb showing again that the main driver for oil remains the supply-demand picture even against what would normally be consider another significant trigger.
Regional indices witnessed a mixed performance over the week, with Qatar leading the losing team, down by 7% over the week. Over the week, Oman and Kuwait were down by 1.5% and 0.4% respectively, while Bahrain and Abu Dhabi were both down by 0.1%. Egypt and Dubai advanced over the week with each going up by 1.6% and 1.4% respectively while Saudi Arabia remained unchanged.
The development in the macro view in Egypt and the announcement of Emaar properties of the potential listing of 30% of its UAE development business were the main reasons behind the positive performance that the two indices witnessed.
General sentiments will remain mostly conservative for the coming period, with investors being very selective in their investment decisions and many preferring to move to the sidelines and let the various scenarios play out before recommitting.
| Indexes | Last | WTD (%) | MTD (%) | YTD (%) |
| Dubai (DFMGI) | 3,400.10 | 1.44% | 1.82% | -3.70% |
| Abu Dhabi (ADSMI) | 4,476.57 | -0.05% | 1.11% | -1.54% |
| Saudi (SASEIDX) | 6,865.48 | 0.03% | -0.08% | -4.78% |
| Kuwait (KWSE) | 6,783.42 | -0.44% | -0.03% | 18.01% |
| Egypt (EGX30) | 13,683.66 | 1.61% | 2.58% | 10.84% |
| Qatar (DSM) | 9,237.68 | -7.06% | -6.70% | -11.49% |
| Bahrain (BHSEIDX) | 1,323.47 | -0.13% | 0.28% | 8.44% |
| Oman (MSM30) | 5,354.77 | -1.48% | -1.24% | -7.40% |
| TR GCC (Reuters) | 195.54 | -2.33% | -1.73% | -3.48% |
| DJ MENA | 508.09 | -0.78% | -1.84% | 2.04% |
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.
