A monthly publication that covers the performance of GCC and global stock markets, provides economic commentary and captures key happenings in GCC.
Key Trends
Global markets' bull run continues. Abu Dhabi leads GCC markets. S&P GCC composite index ended the month 3.6% higher.
Kuwait gains for the sixth consecutive month as positive earnings growth strengthen business optimism. Kuwait All Share index rose 3.1% for the month and 22.4% for the year.
Performance of global equity markets was positive, with the MSCI World Index closing 2.3% higher in August, U.S. market (S&P 500) with a gain of 2.9%.
Oil prices closed at USD 73.0 per barrel at the end of August, declining by 4.4% for the month weighed down by concerns on the spread of COVID-19 Delta variant before bouncing back due to hurricane Ida.
Table of Content
Market Commentary, August 2021
Oil revenues & private sector growth to speed up GCC economic recovery in 2022
Could Delta variant play spoilsport for Oil prices?