Global markets have rallied during the month of January to record one of the best monthly gains during the past 30 months. The markets have continued the upward trajectory on the back of optimism of potential resolution between the US and China, which could have a positive impact on global economies.

For the regional markets, the sentiments continued to remain positive, following the trend seen in developed markets coupled with rise in oil prices during the week. Going forward, the regional markets will be driven by annual earnings, especially the outlook for 2019 coupled with the developments on the US and China negotiations.

Indexes

 

Last

WTD(%)

MTD(%)

YTD(%)

Dubai (DFMGI)

2,516.81

-1.1%

-0.5%

-0.5%

Abu Dhabi(ADSMI)

4,985.30

0.5%

1.4%

1.4%

Saudi (SASEIDX)

8,448.02

2.9%

7.9%

7.9%

Kuwait (KWSE)

4,794.86

0.1%

1.2%

1.2%

Egypt (EGX30)

13,482.99

0.9%

3.4%

3.4%

Bahrain(BHSEIDX)

1,341.22

0.0%

0.3%

0.3%

Oman (MSM30)

4,236.75

-1.7%

-2.0%

-2.0%

 

Source: Matrix PR