Research Reports

GCC markets break their losing streak

December, 2019

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Executive Summary

GCC markets broke their three-month losing streak, aided by gains in Saudi and Kuwait equities. Optimism surrounding Saudi Aramco IPO, Morgan Stanley's "overweight” recommendation on Kuwait equities and a potential trade truce between U.S. and China helped GCC equities to end the month of November on a positive note. Global markets remained largely positive, with announcements from U.S. and China that they are close to reaching agreement on the first phase of trade deal.

We see the following issues as key developments during the month of November:

- Kuwaiti Insurance Industry -Regulatory changes expected to breathe life into a dormant sector
- GCC companies with high cash holdings
- Saudi Aramco IPO-A dressed-up Bond

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