• Read our latest GCC insights, ideas, and perspectives shaping the future

Research Reports

Geopolitics influences GCC Markets in September, Oil turns volatile

Download Executive Summary

Executive Summary

GCC markets ended the month of September in negative territory, losing 0.7% for the month, dragged down by volatile oil prices and negative performance in Kuwait markets. Oil witnessed one of the most volatile months in decades, after a devastating attack on Saudi Aramco oil refineries intensified concerns about growing instability in the world's most important crude-producing region. Saudi Arabia, Oman, Dubai and Qatar ended the month of September on a positive note, whereas Kuwait, Abu Dhabi and Bahrain declined. Kuwait's All Share Index fell for the second consecutive month, falling by 4.4% in September, suffering from the profit booking since the MSCI EM index inclusion announcement in July.

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

1. Impact of Kuwait's emerging market upgrade on foreign ownership of banks
2. Equity Risk Premium of GCC countries - Have they been falling?
3. Boursa Kuwait Witnesses Rising Liquidity Levels
4. GCC Bond issuances witness an uptick in H1 2019
5. Why Kuwait is not following the Fed?

Related Reports