Research Reports

Global & GCC Capital Markets Review: March 2024

April 02 , 2024

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Executive Summary

A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)

Key Trends

  • GCC markets were negative in March 2024, with the S&P GCC Composite index declining by 2.6%, weighed by negative sentiment preceding the FOMC meeting, extension of OPEC+ production cuts and geopolitical tensions.
  • Kuwait index declined by 1.3% in March 2024 as major blue-chip stocks witnessed selling pressure owing to potential profit-booking by investors.
  • Developed market equities were positive in March, with MSCI World and S&P 500 indices gaining 3.0% and 3.1% respectively.
  • Oil prices gained 4.6% during the month on the back of extension of OPEC+ production cuts and rising geopolitical tensions.

Table of Content

  • Asset Class Monthly Performance
  • Equities - Kuwait
  • Equities - GCC Markets
  • Equities - Developed & Emerging Markets
  • Fixed Income - GCC & Developed Markets
  • Oil Market
  • Cryptocurrencies

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