Executive Summary
A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)
Key Trends
- GCC markets increased in November, with the S&P GCC Composite index gaining 5.0%, which can be attributed to the fall in geopolitical tensions in the Middle East.
- Kuwait index increased by only 1.9% in November. The relatively poorer performance when compared to the GCC markets was owing to the fall in oil prices and the IMF expectations of a declining GDP in 2023.
- Developed market equities increased in November, with MSCI World and S&P 500 indices gaining 9.2% and 8.9% respectively.
- Oil prices fell by 5.2% for November, with the easing geopolitical tensions in the Middle East, increasing supply from non-OPEC countries, and concerns over global demand. The fall was despite the continuing OPEC+ production cuts.
Table of Content
- Asset Class Monthly Performance
- Equities - Kuwait
- Equities - GCC Markets
- Equities - Developed & Emerging Markets
- Fixed Income - GCC & Developed Markets
- Oil Market
- Cryptocurrencies
