Executive SummaryGCC markets extend their recovery, registering gains for the third straight month in June. Undervalued Dubai equities topped gainers among the GCC while oil prices breached the USD 40/bbl. level.
We see the following issues as key developments during the month of May:
- Defensive sectors in GCC- A great bet in today’s times
- Among many, Dividends can be one of the causalities in the GCC
- 10 Million and counting: COVID-19 breaches a grim milestone
- COVID-19 brings GCC’s fiscal vulnerability to the fore
- GCC economic measures to contain COVID-19 has mostly been monetary so far
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