International markets ended last week’s trading on a mixed note with trade tensions and the G7 meeting in Canada being the main focus for investors.

Oil prices fell on the last day of the week, but on a weekly basis the black gold was traded around the same levels - Brent crude ended the week at USD 76.46 per barrel, while WTI crude at USD65.74 per barrel.

On the regional front, most of the indices ended the week on a positive note except for Egypt, Bahrain and Oman. Dubai was the best performing index among its peers ending the week up by 2.6%, followed by Saudi Arabia with gains of 2.2%, followed by Abu Dhabi and Kuwait with a positive performance of 1.2% and 0.4%, respectively.

Egypt came in as the worst performer among its peers with weekly losses of 3.0%. Bahrain and Oman continued their negative trend with losses of 0.2% each for the week, extending their YTD losses to -5.1% and -9.9%, respectively.

The coming period will be affected by the upcoming holiday season which would translate in a subdued trading activity for the regional markets.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,041.72

2.62%

2.62%

-9.74%

Abu Dhabi (ADSMI)

4,662.58

1.25%

1.25%

6.01%

Saudi (SASEIDX)

8,344.39

2.25%

2.25%

15.47%

Kuwait (KWSE)

4,837.41

0.43%

0.43%

3.25%

Egypt (EGX30)

15,923.66

-2.99%

-2.99%

6.02%

Bahrain (BHSEIDX)

1,263.79

-0.16%

-0.16%

-5.10%

Oman (MSM30)

4,596.51

-0.22%

-0.22%

-9.86%

TR GCC (Reuters)

199.08

2.48%

2.48%

4.20%

TR MENA

138.63

2.28%

2.26%

4.52%

 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

76.46

-0.43%

-1.46%

14.34%

Natural Gas

2.89

-2.43%

-2.10%

-2.13%

Gold

1298.00

0.41%

0.01%

-0.34%

Silver

16.74

2.35%

2.36%

-1.24%

EURUSD

1.18

0.91%

0.65%

-1.92%

GBPUSD

1.34

0.47%

0.84%

-0.75%

USDJPY

109.53

0.00%

0.66%

-2.79%

USDCHF

0.99

-0.30%

-0.07%

1.10%

AUDUSD

0.76

0.44%

0.42%

-2.59%

USDCAD

1.29

-0.18%

-0.25%

2.76%

 

Source: Matrix PR