International markets ended the week on a negative note as a result of concerns over rising interest rates coupled with worries of a global economic slowdown.
On the regional front, most of the indices ended the week on a negative note with the exception of Egypt. On the losing side, Dubai was the worst performer amongst its peers with losses of -3.4% for the week. Followed by Oman and Saudi Arabia with a negative performance of -2.5% and -2.0% respectively for the week.
Bahrain, Abu Dhabi and Kuwait ended lower by -0.4%, -0.1% and -0.1% respectively. On the winning side, Egypt was the only index that recorded gains of +1.1% for the week.
Going forward, the trading activity within the MENA region is likely to remain subdued affected by the Holidays season and investors’ sentiment being affected by concerns over global growth.
Indexes |
| Last | WTD (%) | MTD (%) | YTD (%) |
Dubai (DFMGI) | ▼ | 2,509.81 | -3.4% | -6.0% | -25.5% |
Abu Dhabi (ADSMI) | ▼ | 4,855.94 | -0.1% | 1.8% | 10.4% |
Saudi (SASEIDX) | ▼ | 7,753.36 | -2.0% | 0.7% | 7.3% |
Kuwait (KWSE) | ▼ | 4,710.35 | -0.1% | -0.4% | -2.4% |
Egypt (EGX30) | ▲ | 13,137.58 | 1.1% | -1.4% | -12.5% |
Bahrain (BHSEIDX) | ▼ | 1,313.95 | -0.4% | -1.1% | -1.3% |
Oman (MSM30) | ▼ | 4,336.84 | -2.5% | -1.7% | -15.0% |
Commodities |
| Value | WTD (%) | MTD (%) | YTD (%) |
Gold (s/OZ) | ▲ | 1255.92 | 1.4% | 2.8% | -3.6% |
Silver ($/Oz) | ▲ | 14.6 | 0.2% | 3.0% | -13.8% |
WTI ($/bbl) | ▼ | 45.59 | -11.0% | -10.5% | -24.5% |
Natural Gas | ▼ | 3.82 | -0.3% | -17.3% | 33.1% |
OPEC Oil ($/bl) | ▼ | 53.82 | -10.7% | -8.3% | -19.5% |
Copper ($/MT) | ▼ | 6029.93 | -2.7% | -3.2% | -17.0% |
Aluminium ($/MT) | ▼ | 1917.95 | -1.4% | -0.9% | -15.4% |
FX Rates |
| Value | WTD (%) | MTD (%) | YTD (%) |
USD/AED | ▼ | 3.67 | 0.0% | 0.0% | 0.0% |
USD/SAR | ▲ | 3.75 | 0.0% | 0.0% | 0.0% |
USD/EGP | ▼ | 17.86 | -0.5% | 0.0% | 1.0% |
USD/EUR | ▼ | 111.21 | -1.9% | -2.0% | -1.3% |
USD/JPY | ▼ | 0.88 | -0.5% | -0.5% | 5.6% |
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
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