Sideways trading was the main theme for most of the regional markets last week.
Five of the regional indices ended the week in the red, while three ended in black with modest gains.
On a weekly basis, Kuwait was on top of the losing team, with practically a –0.9 per cent down, followed by Dubai, which was down by –0.7 per cent and then Abu Dhabi, Saudi and Qatar, each down by –0.6 per cent. Oman, Egypt and Bahrain advanced week on week by nearly 2.0 per cent, 0.6 per cent and 0.3 per cent, respectively.
Al Masah Capital is an asset management and advisory firms focused on the MENA and SEA regions.
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.
|Indexes||Last||WTD (%)||MTD (%)||YTD (%)|
|Abu Dhabi (ADSMI)||4,455.09||–0.58%||–0.30%||–2.01%|
|TR GCC (Reuters)||197.98||0.11%||–0.51%||–2.28%|