US markets ended the week on a negative note after weaker than expected data in Europe and China spurred concerns of a global economic slowdown coupled with ongoing trade tensions between the two largest economies which weighed on investors sentiment.
On the regional front, most of the indices ended the week on a negative note with the exception of Dubai, Saudi Arabia and Egypt. On the losing side, Oman was the worst performer amongst its peers with losses of -2.2% for the week. Followed by Kuwait with a negative performance of -0.4%. Abu Dhabi and Bahrain recorded losses of -0.3% and -0.1% respectively for the week.
On the winning side, Egypt was the star performer with gains of +4.9% for the week. Followed by Saudi Arabia and Dubai with a positive performance of +0.8% and +0.7% respectively.
Going forward, investors are expected to remain on the sidelines as a result of concerns over global growth.
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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/
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