Gulf Bourses & Oil أداء بورصات الخليج
Can we say that Saudi Arabia's Tadawul Index is the most impacted by the decline in oil prices since the last peak in oil prices? Saudi's Tadawul index fell 4% since the most recent oil peak of May 6th, followed by Bahrain, Qatar and Kuwait. Abu Dhabi and Dubai bourses are the top performers since early May.
Saudi Arabia becomes the best perfomer when we chart from January 2nd, using the weekly chart, followed by Dubai and Abu Dhabi. Saudi Arabia's opening of its market to foreign investors in June did help boost the performance.
Interestingly, financial companies account for the biggest share of member firms in the bourses of Saudi, Abu Dhabi and Dubai. Industrials, telecoms and consumer staples follow next, with energy appearing at the bottom half.
Saudi's opening to foreign investors was primarily aimed at drawing institutional investors and reduce the effect volatile impact of local retail investors, whose time horizon is largely short-term.
More Hot-Charts
-
DAX40 Germany40
Nov 22, 2024 17:50 | by Ashraf Laidi. -
MSTR 545
Nov 20, 2024 12:29 | by Ashraf LaidiListen to the voice note sent to the WhatsApp Bdcst Group for detailed explanation of these charts - استمع إلى الملاحظة الصوتية المرسلة إلى مجموعة الواتساب الخاصة للحصول على شرح مفصل لهذه... -
EURGBP Latest
Nov 11, 2024 13:38 | by Ashraf LaidiThere are two important messages from this chart. I will share them with the WhatsApp Broadcast Group shortly..
