A report from Al Masa Capital, one of the fastest growing alternative asset management and advisory firms in the Middle East and Southeast Asia, predicts that a rebound will prevail in the green zone with impressive gains across the board, despite some investors pulling their money out of the market by selling some stocks.
Return to the Queen and better results for the market.
Return to the Queen and better market results
The report revealed that Saudi Arabia, which lagged behind other markets, made a positive comeback last week, and over the next few days it could be able to welcome February in the green, achieving much better results compared to the past few weeks.
The report revealed that Saudi Arabia, which lagged behind other markets, made a positive comeback last week.
Kuwait surprising gains Kuwait stood out with its big gains that came as a surprise at the start of 2017, closing on 20% of monthly gains, as there are few concrete reasons behind this rally in the current cycle compared to the reality that endured 3 tough years starting from the start of 2013, maybe now it's time for a new and completely different cycle. Kuwait stood out with its big gains that came as a surprise at the start of 2017, closing on 20% of monthly gains.
Egypt, Qatar, UAE Following Kuwait, Egypt and Qatar also made good gains in January, while the UAE markets closed with several winners. To put things in perspective, January's gains are an extension of the movement that began in November in conjunction with the OPEC deal. As February kicks off, investors will drive this cycle strongly if the momentum continues, or will move into profit-taking if the rally falters.
