For the region, Oil remains the main mover for the Saudi market, while in Qatar the FTSE inclusion will be a key influence
The Fed's rate decision and oil prices were the main market movers last week as well as the coming one. US equities went down while European markets moved in the opposite direction to their US peers, as Janet Yellen's speech over the weekend highlighted optimism about the economy and the possibility of an increase in interest rates increased.
Al Masah Capital weekly Report indicates "Brent Crude oil prices went down a bit but remained above the USD 49 mark and that, for the region, oil will still be the main mover for the Saudi market, while in Qatar the FTSE inclusion will be a key influence". With lack of company specific news and other significant macro news, the rest of the regional markets remain in a range-bound phase with investors being reluctant to take major investment decisions until further catalysts present themselves.
-Ends-
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.
For further information, please visit www.almasahcapital.com/
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© Press Release 2016
