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Global & GCC Capital Markets Review: July 2021

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Executive Summary

A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures key happenings in GCC.

Key Trends

  • GCC stock markets make small gains in July. S&P GCC composite index ended the month 1.2% higher.
  • Kuwait Stock markets outperformed Global and GCC markets with 3.0% gain for the All-Share Index. The index has gained 18.7% for the year. Boubyan Bank was the top gainer in July with 9.3% gain.
  • U.S. market (S&P 500) gained 2.3% for the month reaching new record highs while the MSCI Emerging Index lost 7% due to the Chinese Government action against tech companies like Tencent and Didi.
  • Oil prices closed at USD 76.3 per barrel at the end of July as oil markets consolidated after several consecutive months of gains.


Table of Content

  • Market Commentary, July 2021
  • S&P downgrades Kuwait for the second time in two years
  • Fitch raises Saudi outlook to stable, cites improved financial position
  • Inflation accelerates in KSA underpinned by VAT raise last year; Expected to taper in the coming months
  • OPEC+ reaches consensus to increase supply gradually
  • GCC Equity Market performance, July 2021
  • GCC Sectoral performance, July 2021
  • GCC Equity Market valuation
  • Global Equity Market performance, July 2021
  • Monthly Returns and Value of USD 1 Invested

FAQ

Who prepared this report?
Experienced and qualified team of Marmore Mena Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

Do you have updates?
Yes! A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures the happenings in GCC.

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No. The report can be downloaded in full length only

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Yes, by all means. You can write your queries to us at enquiry@e-marmore.com

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