Executive Summary
A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures key happenings in GCC.
Key Trends
- Global markets' bull run continues. Abu Dhabi leads GCC markets. S&P GCC composite index ended the month 3.6% higher.
- Kuwait gains for the sixth consecutive month as positive earnings growth strengthen business optimism. Kuwait All Share index rose 3.1% for the month and 22.4% for the year.
- Performance of global equity markets was positive, with the MSCI World Index closing 2.3% higher in August, U.S. market (S&P 500) with a gain of 2.9%.
- Oil prices closed at USD 73.0 per barrel at the end of August, declining by 4.4% for the month weighed down by concerns on the spread of COVID-19 Delta variant before bouncing back due to hurricane Ida.
Table of Content
- Market Commentary, August 2021
- Oil revenues & private sector growth to speed up GCC economic recovery in 2022
- Could Delta variant play spoilsport for Oil prices?
- Earnings Snapshot of Kuwait Banks
- GCC Equity Market performance, August 2021
- GCC Sectoral performance, August 2021
- GCC Equity Market valuation
- Global Equity Market performance, August 2021
- Monthly Returns and Value of USD 1 Invested
