The first week of 2018 has been positive for most of the regional indices, with investors’ being optimistic about the New Year’s outlook of the region backed by increased oil prices and global growth.

UAE markets were the top performers among their peers, with weekly gains of+3.4% and +2.8% for Abu Dhabi and Dubai respectively. Saudi Arabia and Kuwait main indices followed the positive trend by +0. 7% each for the week, while Oman was almost flat, with +0.1% week on week. Egypt and Bahrain started the year with a negative performance of -1.6% and -1.5% respectively, nevertheless, it can be witnessed as a profit taking phase for the best performing index in 2017 before resuming its upward trend.

Oil prices marked a new high in the New Year, since September 2015, recording USD67.62 per barrel on Friday. High sentiments coupled with hopes for a better year will be driving markets’ activities in the coming period.

Indexes

Last

WTD(%)

MTD(%)

YTD(%)

Dubai(DFMGI)

3,463.57

2.77%

2.77%

2.77%

AbuDhabi(ADSMI)

4,548.43

3.41%

3.41%

3.41%

Saudi(SASEIDX)

7,277.06

0.64%

0.70%

0.70%

Kuwait(KWSE)

6,454.16

0.72%

0.72%

0.72%

Egypt(EGX30)

14,782.38

-1.56%

-1.58%

-1.58%

Bahrain(BHSEIDX)

1,312.33

0.48%

-1.46%

-1.46%

Oman(MSM30)

5,104.87

1.14%

0.11%

0.11%

TR GCC(Reuters)

195.79

2.51%

2.48%

2.48%

DJMENA

526.67

0.00%

0.00%

0.00%

 

Commodities&FX

Last

WTD(%)

MTD(%)

YTD(%)

Oil(Brent)

67.62

1.35%

1.12%

1.12%

NaturalGas

2.80

-4.08%

-5.35%

-5.35%

Gold

1319.81

1.94%

1.33%

1.33%

Silver

17.22

2.28%

1.64%

1.64%

EURUSD

1.20

0.27%

0.27%

0.27%

GBPUSD

1.36

0.41%

0.41%

0.41%

USDJPY

113.06

0.35%

0.35%

0.35%

USDCHF

0.98

0.07%

0.07%

0.07%

AUDUSD

0.79

0.78%

0.78%

0.78%

USDCAD

1.24

-1.35%

-1.35%

-1.35%

 

 

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