A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures key happenings in GCC.
Key Trends
GCC equity market as represented by S&P GCC Composite index started the year on an optimistic note as it ended the month 2.9% higher.
Oil prices continued their northward march and increased by 7.9% for the month. Investors cheered the rapid rollout of vaccines in UAE that would enable it to attain herd immunity swiftly.
U.S. market (S&P 500) retreated 1.1% for the month from earlier highs after disappointing earnings from tech companies. In Europe, increasing COVID-19 infection rates reintroduce the risk of continued recession.
Oil markets enthused by increased stimulus measures in the U.S by Biden administration, closes 7.9% higher.
Table of Content
Market Commentary, January 2021
Number of stocks in Kuwait Premier segment set to rise by 25%
Central Bank of Kuwait Allows Banks to Distribute 2020 Dividends
KSA Capital Market: Leaders, Profitability and Business Model
Revenue squeeze could spur Gulf bond issuance to new highs in 2021