Defensive sectors in GCC-A great bet in today’s times

 

The 2020 stock market crash due to Covid-19 has been fast and short, if the markets do not fall to the lows of March 2020 again. The Oil price crash and social distancing measures to prevent the spread of Covid-19 has impacted sectors in the GCC in different ways.This can be observed in the current level of GCC Sector Indices. We make a comparison of the current levels of GCC sector indices with that of 52-week high and 52-week lowto check which sectorsare good bets in these uncertain times. Exhibit 1: GCC Sector Indices along with their 52 week High...

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