Research Reports

Global & GCC Capital Markets Review: December 2023

January 04 , 2024

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Executive Summary

A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)


Key Trends

  • GCC markets were mixed in 2023, with the S&P GCC Composite index gaining 6.2%, supported by gains in markets such as Dubai and Saudi Arabia.
  • Kuwait index declined by 3.1% in 2023 weighed by decline in oil GDP and challenging operating environment for banks.
  • Developed market equities increased in 2023, with MSCI World and S&P 500 indices gaining 21.8% and 24.2% respectively.
  • Oil prices fell by 10.3% for 2023, weighed by increased production from non-OPEC+ members and weak demand from China.


Table of Content

  • Asset Class Monthly Performance
  • Equities - Kuwait
  • Equities - GCC Markets
  • Equities - Developed & Emerging Markets
  • Fixed Income - GCC & Developed Markets
  • Oil Market
  • Cryptocurrencies

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