InvestGB’s Post

Boursa Kuwait closed the week on a positive note with higher market capitalization despite lower liquidity. GCC markets gained momentum, driven by rising oil prices, though Middle East tensions remained a factor. Meanwhile, U.S. equities rallied on a strong November jobs report, showcasing the resilience of the labor market. #MarketInsights #GlobalEconomy #Investments Visit our website for more insights from InvestGB! https://lnkd.in/dRhth4wd

This week, GCC markets may face some headwinds amid weaker oil prices and ongoing geopolitical uncertainty in the Middle East. On the corporate front, the pace of 2Q 2024 earnings releases is expected to slow down this week. Agility, Abdullah Al-Othaim Markets, Bank ABC, BATP & INDUSTRIES, BBK (Bank of Bahrain and Kuwait), BSF, NI Group, Omantel, Ominvest, The Saudi Investment Bank and The Saudi National Bank - SNB are among the companies scheduled to host earnings calls this week. Meanwhile, global markets are waiting for insights from the release of the FOMC minutes and key PMI data from the US, EU, and UK. #investorrelations #ceo #cfo #gcc #markets #MEIRA

This week, GCC markets may face some headwinds amid weaker oil prices and ongoing geopolitical uncertainty in the Middle East. On the corporate front, the pace of 2Q 2024 earnings releases is expected to slow down this week. Agility, Abdullah Al-Othaim Markets, Bank ABC, BATP & INDUSTRIES, BBK (Bank of Bahrain and Kuwait), BSF, NI Group, Omantel, Ominvest, The Saudi Investment Bank and The Saudi National Bank - SNB are among the companies scheduled to host earnings calls this week. Meanwhile, global markets are waiting for insights from the release of the FOMC minutes and key PMI data from the US, EU, and UK. #investorrelations #ceo #cfo #gcc #markets #MEIRA

Kuwait’s All Share Index gained 1.2% for the month driven by continued momentum from positive earnings results and the performance of banking and basic materials stocks. https://lnkd.in/ghZNpYer #GCC #GlobalMarkets #CapitalMarkets #GCCmarkets #Equities #Kuwait #EmergingMarkets #DevelopedMarkets #Oil #MENA #FED #Policyrate #MarmoreResearch #markaz

In 1Q 2024, the Abu Dhabi Securities Exchange and Dubai Financial Market have collectively captured an impressive $1 billion in net foreign inflows, underscoring the appeal of UAE equity markets. March 2024 saw a continuation of the upward trend, with an impressive $551 million in combined net foreign inflows pouring into the GCC markets. Over the last twelve months, despite occasional volatilities, GCC markets have showcased remarkable recovery and adaptability with over $4 billion net inflows. Highlighting the transformative power of foreign investment in shaping GCC markets, our analysis of the impact of foreign flows on market direction since 2019 demonstrates a 50% higher probability of market uptrends during net inflow periods for the MSCI Saudi Arabia Index. Stay ahead and informed with Iridium Advisors' insights. #GCC #markets #investorrelations #meira

According to Topline Securities, this was led by strong growth from UAE, Saudi, and UK markets by 56 percent, 37 percent, and 39 percent, respectively. https://lnkd.in/d34eJd7J

We're pleased to announce that GCC markets saw a positive foreign investor inflow of $149 million in July 2024. The UAE led with $372 million, while Saudi Arabia faced an outflow of $310 million as anticipated. The MSCI GCC Index rose by +4.5%, with key increases in the UAE (+6.8%), Kuwait (+5.0%), Saudi Arabia (+3.9%), and Qatar (+2.4%) indices, while the MSCI EM Index declined by -0.14%. Strong corporate earnings and positive sentiment post-Aramco offering were likely drivers of these gains. The UAE's ability to attract significant foreign investments continues to reinforce its stability. Read the report to learn more. #investorrelations #GCC #Markets #ForeignInvestment #UAE #SaudiArabia #Kuwait #Qatar #Meira

Amol Shitole, CFA, Head of Fixed Income at Mashreq Capital shared Mashreq Capital’s view with Bloomberg on the ongoing Oil market volatility and Saudi Arabian bond market. Mashreq Capital expects increased oil price volatility in 2H24 as geopolitics and OPEC+ are likely to keep oil supply in check while oil fundamentals point towards a bearish signal. He is Overweight on Saudi Arabian sovereign bonds because of sovereign’s strong balance sheet supported by low debt to GDP which is still below 30% and comfortable interest payments that are just 3% of government revenues. The current sovereign bond spreads fully price in bond supply risks and appear attractive on a rating adjusted basis versus similar rated EM sovereigns. View the full interview here: http://ms.spr.ly/6044Yfk38 #Mashreq #RiseEveryDay #Rise_Every_Day

Banque Saudi Fransi, a Fortune 500 Arabia company, reported a 7% year-on-year increase in net profit to SAR 1.15 billion (USD 306.6 million) in the first quarter of 2024, compared to SAR 1.07 billion (USD 258 million) during the same period in 2023. Read the complete #news article here: https://lnkd.in/eE2BXTQ8 Banque Saudi Fransi #Fortune500arabia

Saudi Arabia added USD 4 Bn to its US Treasury holdings by the end of June, taking its stockpile to the highest level since the pandemic in 2020. The amount stood at just over USD 140 Bn at the end of the 1H of the year, according to the latest figures from the Treasury Department. Other top US government debt holders, including China, the UK and France, also increased holdings in the world’s safest asset. “A key factor was taking advantage of the higher interest rate,” according to Monica Malik, chief economist at Abu Dhabi Commercial Bank PJSC. The strength of the US dollar and the fact that Treasuries are a liquid asset were also factors, she said. To read more, check out the latest Saudi Arabia news: https://lnkd.in/dghVyPnZ Subscribe here to receive our daily newsletter & publications: https://lnkd.in/grae-vTJ #zillacapital #research #saudinews #kingdompulse #ksa #saudi #saudiarabia #news