The geopolitical scene weighed down on global markets indices’ performances, while Oil prices reached new highs.
Over the week, Crude was up by 1.8% while WTI ended the week at USD 71.28 per barrel. On the regional front, most of the indices ended the week on a negative note, except for Saudi Arabia, Dubai and Bahrain. Egypt came in as the worst performer among its peers with weekly losses of 1.6%, followed by Oman with a negative performance of 1.3%.
Kuwait and Abu Dhabi were both down by 0.4% and 0.1% respectively over the same period. Saudi Arabia was the best performing index among its peers, ending the week up by 1.3%, followed by Dubai and Bahrain with gains of 1.1% and 0.2% respectively.
Regional trading activity is expected to be subdued in the coming period with the first full trading week in Ramadan is starting coupled with geopolitical tensions.
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.
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© Press Release 2018