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Archive for GCC Weekly

GCC Market Weekly Update April 18, 2009

GCC markets reported a strong performance during the week ended April 16, 2009. The commendable performance of all the GCC bourses can be ascribed to the expectations of economic recovery following the action plans put forward during the G20 summit. Furthermore, the decision to slash interest rates in major markets, namely Saudi Arabia and Kuwait, [...]

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GCC Market Weekly Update April 11 2009

GCC markets performed commendably during the week ended April 09, 2009. The robust performance of almost all the GCC bourses can be ascribed to the recent G-20 summit during which leaders put forward quite a few proposals to stabilize the global financial market and improve regulatory mechanisms. This may have encouraged investors to increase their [...]

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GCC Market Weekly Update April 4 2009

GCC markets exhibited mixed trends during the week ended April 02, 2009. The upside in the petrochemicals-driven Saudi Arabian market was restricted as crude oil prices declined. Kuwait, the second largest market in terms of market capitalization, managed to post positive returns due to the excellent performance by Industrial sector stocks. However, we are pessimistic [...]

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GCC Market Weekly Update March 28 2009

The GCC markets showed a positive trend for the week ended March 19, 2009, as increased oil prices boosted investor confidence. This boosted liquidity and resulted in stronger week-to-date (WTD) returns. The Saudi Arabia, Qatar and Abu Dhabi indices reported relatively better returns due to greater dependence on oil revenues. Qatar’s bourse gave the best [...]

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GCC Market Weekly Update March 21, 2009

The GCC markets showed a positive trend for the week ended March 19, 2009, as increased oil prices boosted investor confidence. This boosted liquidity and resulted in stronger week-to-date (WTD) returns. The Saudi Arabia, Qatar and Abu Dhabi indices reported relatively better returns due to greater dependence on oil revenues. Qatar’s bourse gave the best [...]

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GCC Market Weekly Update March 2, 2009

GCC stock markets tumbled by around USD22 Bn in February 2009 as the bourses showed no signs of recovery from their dismal performance through 2008. The combined market capitalization of the seven bourses in the GCC decreased to nearly USD525.27 Bn from around USD547.4 Bn at the end of January. The decline confirms the subdued [...]

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GCC Market Weekly Update February 2, 2009

All Gulf markets, except Bahrain, ended the week on a positive note with strong gains. The gains ended the string of losses the Gulf market had suffered during the first three weeks of 2009. The Muscat Securities Market (MSM) , which rose 9.3%, was the best performing. However, on YTD basis, the index has already [...]

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GCC Market Weekly Update January 27, 2009

Most Gulf Arab stock markets continued to fall, as disappointing results in the region and a slump in global markets further dented investor confidence. Risk aversion is the primary reason for the existing negativity in the Gulf markets. Analysts believe that in the coming couple of weeks regional markets would continue to be cautious and [...]

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GCC Market Weekly Update January 16, 2009

GCC markets continued to post significant losses during the second week of the New Year as market conditions failed to improve. All GCC markets ended the week on a negative note with Qatar’s Doha Securities Market posting a double-digit loss of 12.4%. During the week, other Arab stock markets plummeted in response to losses incurred [...]

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GCC Market Weekly Update December 19, 2008

GCC markets reopened this week after an off-period on account of Eid. However, the festive mood did not boost investor sentiments. It was a very volatile week laced with caution as most markets registered a decline in volumes. Saudi’s Tadawul All Share Index (TASI) was only one of two stock markets in the GCC region [...]

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