|06 January, 2019

The volatility continues to remain at elevated levels around global equities, investors continue to remain cautious: Allied Investment Partners report

The volatility continues to remain at elevated levels around global equities, which are being driven by news flow.

The volatility continues to remain at elevated levels around global equities, which are being driven by news flow. The rally during the last session of the previous week was driven by positive jobs reports, which helped global markets to turn positive for the week. However, investors continue to remain cautious as there is no clear direction in the markets, especially after the movement seen during the last quarter of last year.

For the regional markets, the performance during the week was positive as the six indices ended in green, while Oman was the only index within the region to end in red with losses of -1.6% for the week. On the positive side, Dubai was the best performer with gains of +2.3%, followed by Egypt and Abu Dhabi with gains of +2.2% and +1.4%, respectively for the week. Followed by Kuwait and Saudi Arabia with a positive performance of +1.2% and 1.0%, respectively for the week. Bahrain ended the week higher by +0.3%.

Going forward, the trading activity within the MENA region is likely to track the annual earnings from leading companies, followed by the sentiments in global markets and movement in oil prices. Regional investors will remain selective in stock picking based on the performance for 2018, followed by strong fundamentals to continue the growth trajectory.

Indexes

 

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

2,526.02

2.3%

-0.1%

-0.1%

Abu Dhabi (ADSMI)

4,898.20

1.4%

-0.3%

-0.3%

Saudi (SASEIDX)

7,830.47

1.0%

0.0%

0.0%

Kuwait (KWSE)

4,772.58

1.2%

0.7%

0.7%

Egypt (EGX30)

13,264.70

2.2%

1.8%

1.8%

Bahrain (BHSEIDX)

1,325.76

0.3%

-0.9%

-0.9%

Oman (MSM30)

4,275.62

-1.6%

-1.1%

-1.1%

Commodities

 

Value

WTD (%)

MTD (%)

YTD (%)

Gold (s/OZ)

1284.83

0.3%

0.2%

0.2%

Silver ($/Oz)

15.69

2.3%

1.4%

1.4%

WTI ($/bbl)

47.96

5.8%

5.6%

5.6%

Natural Gas

3.04

-7.8%

3.5%

3.5%

OPEC Oil ($/bl)

57.06

9.3%

6.1%

6.1%

Copper ($/MT)

5857.65

-2.7%

-2.9%

-2.9%

Aluminium ($/MT)

1844.79

-1.5%

0.1%

0.1%

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

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