International markets ended last week’s trading on a mixed note with trade tensions and the G7 meeting in Canada being the main focus for investors.
Oil prices fell on the last day of the week, but on a weekly basis the black gold was traded around the same levels – Brent crude ended the week at USD 76.46 per barrel, while WTI crude at USD65.74 per barrel.
On the regional front, most of the indices ended the week on a positive note except for Egypt, Bahrain and Oman. Dubai was the best performing index among its peers ending the week up by 2.6%, followed by Saudi Arabia with gains of 2.2%, followed by Abu Dhabi and Kuwait with a positive performance of 1.2% and 0.4%, respectively.
Egypt came in as the worst performer among its peers with weekly losses of 3.0%. Bahrain and Oman continued their negative trend with losses of 0.2% each for the week, extending their YTD losses to -5.1% and -9.9%, respectively.
The coming period will be affected by the upcoming holiday season which would translate in a subdued trading activity for the regional markets.
| Indexes | Last | WTD (%) | MTD (%) | YTD (%) |
| Dubai (DFMGI) | 3,041.72 | 2.62% | 2.62% | -9.74% |
| Abu Dhabi (ADSMI) | 4,662.58 | 1.25% | 1.25% | 6.01% |
| Saudi (SASEIDX) | 8,344.39 | 2.25% | 2.25% | 15.47% |
| Kuwait (KWSE) | 4,837.41 | 0.43% | 0.43% | 3.25% |
| Egypt (EGX30) | 15,923.66 | -2.99% | -2.99% | 6.02% |
| Bahrain (BHSEIDX) | 1,263.79 | -0.16% | -0.16% | -5.10% |
| Oman (MSM30) | 4,596.51 | -0.22% | -0.22% | -9.86% |
| TR GCC (Reuters) | 199.08 | 2.48% | 2.48% | 4.20% |
| TR MENA | 138.63 | 2.28% | 2.26% | 4.52% |
