A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)
Key Trends
S&P GCC composite index fell by 7.2% for the year, which was a lower decline compared to other developed markets.
Kuwait index gained 3.5% in 2022 led by the momentum in banking sector, which has gained 10.5% in the year.
Developed market equities ended negative for the year, with MSCI World losing 19.5% on account of interest rate hikes by Fed.
Oil prices gained 10.5% during the year. Prices soared at the start of the year due to Russia-Ukraine war, pushing the Brent Crude to over $110/bbl in March 2022.