Regional Markets Set for Subdued Trading Activity


International markets ended last week’s trading on a mixed note with trade tensions and the G7 meeting in Canada being the main focus for investors.

Oil prices fell on the last day of the week, but on a weekly basis the black gold was traded around the same levels – Brent crude ended the week at USD 76.46 per barrel, while WTI crude at USD65.74 per barrel.

On the regional front, most of the indices ended the week on a positive note except for Egypt, Bahrain and Oman. Dubai was the best performing index among its peers ending the week up by 2.6%, followed by Saudi Arabia with gains of 2.2%, followed by Abu Dhabi and Kuwait with a positive performance of 1.2% and 0.4%, respectively.

Egypt came in as the worst performer among its peers with weekly losses of 3.0%. Bahrain and Oman continued their negative trend with losses of 0.2% each for the week, extending their YTD losses to -5.1% and -9.9%, respectively.

The coming period will be affected by the upcoming holiday season which would translate in a subdued trading activity for the regional markets.


IndexesLastWTD (%)MTD (%)YTD (%)
Dubai (DFMGI)3,041.722.62%2.62%-9.74%
Abu Dhabi (ADSMI)4,662.581.25%1.25%6.01%
Saudi (SASEIDX)8,344.392.25%2.25%15.47%
Kuwait (KWSE)4,837.410.43%0.43%3.25%
Egypt (EGX30)15,923.66-2.99%-2.99%6.02%
Bahrain (BHSEIDX)1,263.79-0.16%-0.16%-5.10%
Oman (MSM30)4,596.51-0.22%-0.22%-9.86%
TR GCC (Reuters)199.082.48%2.48%4.20%
TR MENA138.632.28%2.26%4.52%



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