• May 11, 2022

    GCC markets trend upward on positive economic outlook and corporate earnings

    Kuwait’s All Share Index gained 2.6% in the month of April supported by improved economic outlook and positive earnings reports. Oil prices were up by 1.3% for the month. Among sectors, Boursa Kuwait’s Telecom sector was the top gainer, rising 11.9% followed by Industrials which increased by 10.2%. Insurance sector declined the most for the month at 4.9%, followed by Energy, which declined by 3.8%. Among Premier Market stocks, Gulf Cable and Electrical Industries Company and Jazeera Airways were the...

  • April 4, 2022

    Biggest & Fastest Wealth Creators in GCC (2012-2021) Surprisingly it is not a static list

    Investor’s motive to invest in any asset or company is to increase their wealth. Likewise, companies also aim to increase their operating performance, expand their assets, and add value to their shareholders. In GCC markets, top 25 wealth creating companies have added USD 330billion wealth to their shareholders over the last 10-year period (2012-21). The pace of wealth creation of these companies is also robust with a CAGR of 36% compared to S&P GCC Composite Index with a CAGR of...

  • March 7, 2022

    GCC markets positive on multi-year high oil prices

    In line with its GCC peers, Kuwait’s all share index gained 3.9%, supported by a continued up-trend in oil prices. Oil prices, which acted as an important factor driving the GCC stock market performance, breached the USD 100 per barrel mark in the month of February. Among sectors, Boursa Kuwait’s Telecom sector was the top gainer, rising 10.9% followed by Consumer Discretionary at 7.6%. Technology and Energy sector index declined, falling 8.7% and 5.0% respectively. Boursa Kuwait’s banking sector index...

  • February 1, 2022

    US inflation at 6.2% in 2021, highest since 1990

    U.S. inflation has surged to the highest levels seen since 1990 at 6.2% (Y/Y) due to factors such as higher shelter and car prices, which are both expected to continue rising as 2022 starts. The Federal Open Market Committee (FOMC) voted to maintain the current Fed Funds rate at the zero-lower bound (0.00% – 0.25%) and accelerate the pace of tapering its asset purchase program to USD 30bn per month starting in mid-January from the current USD 15bn. 10Y Sovereign...

  • January 24, 2022

    GCC markets ended 2021 positively supported by sharp recovery in oil prices

    GCC markets had a very positive year in 2021, supported by the sharp recovery in oil prices. The S&P GCC composite index ended the year with gains of 31.4%, following a 4.0% rise in December 2021. Abu Dhabi was the best performer among GCC markets, gaining 68.2% for the year followed by Saudi Arabia with yearly gains of 29.8%. Market Performance & Key Metrics Source: Refinitiv During December, Saudi equity market outperformed its peers, increasing 4.8% followed by Dubai equity...

  • January 19, 2022

    Kuwait’s All Share index gained 27% in 2021 supported by recovery in oil prices

    Kuwait markets ended the year positively, with the recovery in oil prices supporting gains. Kuwait All Share index gained 27.0% in 2021, following a rise of 3.7% in December. Market Performance & Key Metrics Source: Refinitiv Among sectors, Boursa Kuwait’s Consumer Discretionary sector was the top gainer, rising 9.9% for the month, followed by Financial Services at 5.5%. Technology sector index declined the most, falling 7.8% for the month. Banking sector index was up by 4.2% in December. Kuwait’s performance...

  • December 22, 2021

    ESG indices outperform their conventional indices

    Global equity markets witnessed a decline in the month of November, as investors took the flight to safety and resorted to safe haven assets, due to uncertainty stirred in the market by the new covid variant – Omicron. In times high uncertainty and vola tility, ESG indices displayed low beta relative to their comparative indices. Despite negative returns, ESG indices outperformed their conventional indices, apart from Japan that underperformed mildly for the month of November. ESG Indices performance Source: S&P;...

  • December 20, 2021

    Most cryptocurrencies decline in November due to worries over COVID-19 variant and regulatory pressures

    Most cryptocurrencies declined in November on the back of concerns over the new COVID-19 variant, tax-reporting requirement in the U.S infrastructure bill and China’s increasing clampdown on cryptocurrencies. Performance and Key Metrics Source: Refinitiv U.S’ USD 1 trillion infrastructure bill includes a provision for brokers to report information on crypto traders transacting an amount of over $10,000 to the Internal Revenue Services (IRS). The lack of clarity in the bill on the term ‘broker’ raised doubts about the new regulations...

  • December 15, 2021

    UAE markets outperformed its GCC peers and remained resilient in November

    GCC markets were also down, as evidenced by the S&P GCC composite index, which fell 5.0% for November. Weakness in Oil prices derailed the rally of GCC markets barring the UAE, with the Abu Dhabi (8.7%) and Dubai (7.3%) indices remaining resilient due to reforms announced by the government. Saudi Arabia and Qatar equity indices fell 8.1% and 3.2% respectively, as Saudi markets were affected by the sharp cuts in oil prices. Market Performance & Key Metrics Source: Refinitiv; ADVT...

  • December 13, 2021

    Global markets down on resurgent pandemic fears

    Global markets witnessed broad-based sell-off and while some markets like the US recovered to some extent, others like Japan and Germany were hit hard. A slew of economic data from CPI numbers to employment figures which released over the month was overshadowed by the recent resurgent pandemic fears. Market Performance & Key Metrics Source: Refinitiv The S&P 500 ended the month with a slight fall of 0.8%. In a market that is already concerned about the spread of the new...