Executive Summary
GCC markets extend their recovery, registering gains for the third straight month in June. Undervalued Dubai equities topped gainers among the GCC while oil prices breached the USD 40/bbl. level.
We see the following issues as key developments during the month of May:
- Defensive sectors in GCC- A great bet in today's times
- Among many, Dividends can be one of the causalities in the GCC
- 10 Million and counting: COVID-19 breaches a grim milestone
- COVID-19 brings GCC's fiscal vulnerability to the fore
- GCC economic measures to contain COVID-19 has mostly been monetary so far
