A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures the happenings in Kuwait and the GCC region.
Key Trends
Kuwait All Share index extended its good run and gained 5.8% for the month.
S&P GCC index marched ahead for the sixth consecutive month in-line with the gains made by oil since November last year.
S&P GCC composite index ended the month 4.4% higher. Qatar gained 4.9% for the month, led by banking stocks, following the lifting of foreign ownership cap on listed companies.
MSCI World Index closed 4.5% higher in April as a powerful economic restart is underway amid accelerated vaccination and continued support from major central banks.
Oil prices closed at USD 67.25 per barrel at the end of April 2021, posting a monthly gain of 5.8%.
Table of Content
Market Commentary, April 2021
Kuwait sovereign wealth fund reaches initial agreement on KPC dividends
Qatar shares outperform as cap on foreign ownership removed