Geopolitical tensions remain the highlight of the week, both on the regional and global fronts, with oil being the highest beneficiary from the shaky scene. Crude oil prices ended the week, at USD 72.58 per barrel, its highest price in 3 years, while WTI price s were up by +8.6% W-o-W.

Regional indices ended the week on a mixed note, with three out of the seven main indices ending in black, while the remaining were in red. Egypt came in as the best performer among its peers on a weekly basis, with gains of +1.2% adding to its YTD performance of +17.3%, followed by Bahrain

+0.7%, and Dubai +0.4%. Saudi Arabia came as the worst performer over the week with losses of -1.6%, followed by Abu Dhabi -0.8%, Oman -0.5% and Kuwait -0.1%.

Investors’ sentiments will remain affected by the geopolitical unrest, keeping them in the cautious and selective investment zone.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,094.40

0.36%

-0.45%

-8.18%

Abu Dhabi (ADSMI)

4,653.03

-0.76%

1.47%

5.79%

Saudi (SASEIDX)

7,824.12

-1.62%

-0.59%

8.27%

Kuwait (KWSE)

4,864.34

-0.10%

-2.73%

0.62%

Egypt (EGX30)

17,615.69

1.18%

0.95%

17.29%

Bahrain (BHSEIDX)

1,291.45

0.67%

-2.04%

-3.02%

Oman (MSM30)

4,776.55

-0.47%

0.06%

-6.33%

TR GCC (Reuters)

190.87

-0.62%

0.14%

-0.10%

TR MENA

134.16

-0.53%

0.10%

1.15%

 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

72.58

8.15%

3.29%

8.54%

Natural Gas

2.74

1.26%

0.07%

-7.38%

Gold

1345.01

0.91%

1.59%

3.27%

Silver

16.62

1.65%

1.83%

-1.94%

EURUSD

1.23

0.39%

0.06%

2.78%

GBPUSD

1.42

1.06%

1.60%

5.38%

USDJPY

107.33

0.39%

1.01%

-4.74%

USDCHF

0.96

0.33%

0.92%

-1.24%

AUDUSD

0.78

1.19%

1.15%

-0.45%

USDCAD

1.26

-1.35%

-2.18%

0.26%

 

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.

 

Source: Matrix Public Relations