Global & GCC Capital Markets Review: April 2021

Executive Summary

A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures the happenings in Kuwait and the GCC region.

Key Trends

• Kuwait All Share index extended its good run and gained 5.8% for the month.
• S&P GCC index marched ahead for the sixth consecutive month in-line with the gains made by oil since November last year.
• S&P GCC composite index ended the month 4.4% higher. Qatar gained 4.9% for the month, led by banking stocks, following the lifting of foreign ownership cap on listed companies.
• MSCI World Index closed 4.5% higher in April as a powerful economic restart is underway amid accelerated vaccination and continued support from major central banks.
• Oil prices closed at USD 67.25 per barrel at the end of April 2021, posting a monthly gain of 5.8%.

Table of Content

• Market Commentary, April 2021
• Kuwait sovereign wealth fund reaches initial agreement on KPC dividends
• Qatar shares outperform as cap on foreign ownership removed
• Oil prices in a sweet spot
• GCC Equity Market performance, April 2021
• GCC Sectoral performance, April 2021
• GCC Equity Market valuation
• Global Equity Market performance, April 2021
• Monthly Returns and Value of USD 1 Invested