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Category: Studies and reports

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.

Indexes

 

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

2,599.05

0.7%

-2.6%

-22.9%

Abu Dhabi (ADSMI)

4,861.54

-0.3%

1.9%

10.5%

Saudi (SASEIDX)

7,914.29

0.8%

2.7%

9.5%

Kuwait (KWSE)

4,716.42

-0.4%

-0.3%

-2.3%

Egypt (EGX30)

12,996.89

4.9%

-2.4%

-13.5%

Bahrain (BHSEIDX)

1,319.32

-0.1%

-0.7%

-0.9%

Oman (MSM30)

4,448.11

-2.2%

0.8%

-12.8%

 

Commodities

 

Value

WTD (%)

MTD (%)

YTD (%)

Gold (s/OZ)

1238.12

-0.8%

1.3%

-4.9%

Silver ($/Oz)

14.57

-0.3%

2.8%

-14.0%

WTI ($/bbl)

51.2

-2.7%

0.5%

-15.3%

Natural Gas

3.83

-14.7%

-17.0%

33.5%

OPEC Oil ($/bl)

60.28

-2.3%

2.7%

-9.9%

Copper ($/MT)

6119.81

-0.6%

-1.7%

-15.7%

Aluminium ($/MT)

1929.07

-1.3%

-0.3%

-14.9%

 

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

17.95

0.5%

0.5%

1.5%

USD/EUR

0.88

0.6%

0.1%

6.2%

USD/JPY

113.37

0.6%

-0.1%

0.6%

 

Source: Matrix PR