Executive Summary
A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures the happenings in GCC.
Key Trends
- GCC equity markets continued to make gains with the S&P GCC Composite Index ending the month 6.6% higher. Announcement of reforms in Saudi Arabia and Abu Dhabi cheered the markets.
- 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) rose 4.2% during the month due to successful passage of the USD 1.9trillion stimulus bill.
- Oil prices fell 5.1% for the month due to increase in coronavirus cases in Europe that led to fresh lockdowns.
Table of Content
- Market Commentary, March 2021
- Oil prices reach $70 levels after OPEC+ extends production cuts, could reduce GCC financing needs
- Saudi Arabia approves new law to boost privatization in 16 sectors
- Kuwait corporate profits have fallen by half since 2005 even as the economy grew during the same period
- GCC Equity Market performance, March 2021
- GCC Sectoral performance, March 2021
- GCC Equity Market valuation
- Global Equity Market performance, March 2021
- Monthly Returns and Value of USD 1 Invested
