Advertisement
|12 May, 2019

Global factors expected to continue to dominate the movement in regional markets: report

For the regional markets, the performance during the week was negative

Global equity markets performed negatively during the week on the back of renewed trade tensions between the world's two largest economies. The Trump administration imposed fresh tariffs on imports from China and trade negotiations between the two countries ended without any conclusive deal. Brent crude was also under pressure during the week as it was down by 0.32% on the back of rising uncertainty over trade tensions.

For the regional markets, the performance during the week was negative, following the sentiment in global markets. All the regional indexes closed in negative territory during the week, with the exception of Bahrain. Egypt was the worst performing index regionally with losses of 5.51%, followed by losses of 5.14% in Saudi Arabia and 3.62% in Abu Dhabi.

Going forward, the trading activity within the region will continue to remain subdued due to the lower trading volumes experienced in Ramadan. Additionally, global factors will continue to dominate the movement in regional markets, especially the developments related to trade between the US and China.

Advertisement

 -Ends- 

About Allied Investment Partners PJSC

Established in 2007, Allied Investment Partners PJSC is licensed by Central Bank of the UAE and Securities and Commodities Authority, and is a leading investment firm providing various services like Asset Management, Alternative Investments, Wealth Management, Securities and Custody Services, Corporate Finance and Investment Banking Advisory.

For more information, please visit http://aipuae.com/ 

For media enquiries, please contact Matrix Public Relations
Krishika Mahesh: Krishika@matrixdubai.com 
Or call: 04 34 30 888

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases