UAE Markets: The trading activity in the UAE markets ended on a negative note, as both Dubai and Abu Dhabi closed lower by 0.4% and 0.5%, respectively for the day. Investors are awaiting earnings announcement from leading corporates to gauge the economic environment and accordingly position themselves in both the indexes. On a YTD basis, Dubai stands as the worst performing index in the region with losses of 19.4%, while Abu Dhabi is the second-best performing index with gains of 10.8%.
Regional Markets: The trading activity in the MENA markets ended on a positive note, as three out of the six indexes closed in green, while two closed in red and one remained unchanged for the day. Saudi Arabia closed higher by 0.6% for the day, buoyed by broad based buying activity on the back of stronger corporate results. Egypt closed on a positive note as the index was up by 0.7% for the day, recovering the losses incurred in the previous session. Bahrain and Oman ended lower by 0.3% and 0.6% respectively, while Kuwait remained unchanged for the day.
International Markets: US markets continued the downward trend as the possibility of more
US-China tariffs coupled with losses in the technology sector stocks dented investor sentiments.
European markets ended in green with London and France up by 1.3% and 0.4%, respectively.
At the time of writing this report, Asian markets opened on a mixed note as Hong Kong was down by
0.8%, while Japan was up by 0.7% and China unchanged during the session.
| Indexes | Last | DoD (%) | WTD (%) | MTD (%) | YTD (%) | |
| Dubai (DFMGI) | ▼ | 2,714.83 | -0.4% | -0.8% | -4.2% | -19.4% |
| Abu Dhabi (ADSMI) | ▼ | 4,871.58 | -0.5% | -0.2% | -1.3% | 10.8% |
| Saudi (SASEIDX) | ▲ | 7,847.51 | 0.6% | 0.2% | -1.9% | 8.6% |
| Kuwait (KWSE) | ▼ | 4,697.88 | -0.0% | 0.0% | -0.8% | -2.9% |
| Egypt (EGX30) | ▲ | 13,074.47 | 0.7% | 0.4% | -10.5% | -12.9% |
| Bahrain (BHSEIDX) | ▼ | 1,315.04 | -0.3% | -0.0% | -1.8% | -1.3% |
| Oman (MSM30) | ▼ | 4,428.80 | -0.6% | -0.5% | -2.5% | -13.1% |
| Commodities | Value | DoD (%) | WTD (%) | MTD (%) | YTD (%) | |
| Gold (s/OZ) | ▼ | 1229.35 | -0.3% | -0.3% | 3.2% | -5.6% |
| Silver ($/Oz) | ▼ | 14.45 | -1.1% | -1.1% | -1.0% | -14.7% |
| WTI ($/bbl) | ▼ | 67.04 | 0.8% | –0.8% | -8.5% | 11.0% |
| Natural Gas | ▼ | 3.15 | -1.2% | -1.2% | 4.6% | 9.8% |
| OPEC Oil ($/bl) | ▼ | 77.34 | -0.4% | -0.4% | -6.5% | 15.7% |
| Copper ($/MT) | ▼ | 6142.52 | 0.0% | 0.0% | -1.0% | -15.4% |
| Aluminium ($/MT) | ▼ | 1985.84 | -0.5% | -0.5% | -2.1% | -12.4% |
| FX Rates | Value | DoD (%) | YTD (%) | |
| USD/AED | ▼ | 3.673 | 0.0% | 0.0% |
| USD/SAR | ▲ | 3.751 | 0.0% | 0.0% |
| USD/EGP | ▲ | 17.88 | 0.0% | 1.1% |
| USD/EUR | ▲ | 0.879 | 0.3% | 6.1% |
| USD/JPY | ▲ | 112.36 | 0.4% | 0.1% |
About Allied Investment Partners PJSC:
Established in 2007, Allied Investment Partners PJSC is licensed by Central Bank of the UAE and Securities and Commodities Authority, and is a leading investment firm providing various services like Asset Management, Alternative Investments, Wealth Management, Securities and Custody Services, Corporate Finance and Investment Banking Advisory.
