A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)
Key Trends
Elevated oil price has boosted the performance of Gulf stocks.
Kuwait's all share index gained 6.7% in the month of March, supported by a rise in oil prices.
Central Bank of Kuwait, Saudi Arabia, UAE and Bahrain have raised their main interest rates by 25 bps in March, subsequent to the interest rate hike by the U.S. Federal Reserve.
Oil prices were up 6.9% in March crossing $120/b 2022 due to supply tightness.