The MENA region had a tough quarter as heavy weight Saudi Arabia (-8%) dragged markets lover. The only market that were spared were peripheral MENA markets who typically are less correlated to price movements in the GCC. Oman and Egypt gained 7% each while Morocco...
The second quarter was predictably slow in the region as Ramadan and Eid fell in May and June respectively. The MENA region moved in line with global markets during the quarter despite the price of Brent declining by 5%. The performance spread between the different...
The MENA region continued to perform strongly lead higher by index heavyweight Saudi Arabia (+13%). The net oil exporting countries showed the strongest performance for the quarter on the back of a strong rebound in the price of Brent (+27%) while peripheral markets...
The MENA region showed strong resilience in the 4th quarter when most asset classes fell in tandem. Not even a 37% drop in the price of crude managed to put a dent in the performance. The regions heavyweight, Saudi, held up well supported by strength in the banking...
The third quarter was another relatively strong one for the MENA region, sharply outperforming most developing markets, cheered on by oil prices at or above $80 per barrel. Qatar (+11%), Oman (+10%) and Kuwait (+9%) were the top performing markets, while in the...
For the second quarter in a row, we saw a wide spread in performance across the MENA markets. In Tunisia, stocks remained upbeat (+22%), followed by Saudi (+12%) while Oman was down 14%. The MENA region bucked the global market trend for the second quarter in a row,...
