Executive Summary
A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)
Key Trends
- GCC markets were negative in March 2024, with the S&P GCC Composite index declining by 2.6%, weighed by negative sentiment preceding the FOMC meeting, extension of OPEC+ production cuts and geopolitical tensions.
- Kuwait index declined by 1.3% in March 2024 as major blue-chip stocks witnessed selling pressure owing to potential profit-booking by investors.
- Developed market equities were positive in March, with MSCI World and S&P 500 indices gaining 3.0% and 3.1% respectively.
- Oil prices gained 4.6% during the month on the back of extension of OPEC+ production cuts and rising geopolitical tensions.
Table of Content
- Asset Class Monthly Performance
- Equities - Kuwait
- Equities - GCC Markets
- Equities - Developed & Emerging Markets
- Fixed Income - GCC & Developed Markets
- Oil Market
- Cryptocurrencies
