Capital Markets

imported 2024-03-17 17:43:07

GCC Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as measured by the MSCI GCC IMI Index declined by -2.7% MTD. UAE’s DFM Index was the top performing regional index, followed by Abu Dhabi’s ADSM Index. Kuwait’s Weighted Index fell by -2.5% with negative performance coming from Consumer goods -9.2%, Telecom -7.9% and positive gains came from Oil & Gas +1.4%.

“The Need for Diversification of Kuwait’s Economy is Huge,” Says the Best Investment Fund in the GCC

“Overall, we feel that the non-oil economic growth is going to outperform the oil economic growth. OPEC has implemented production cuts in order to stabilize oil prices, and Kuwait will be adhering to those cuts. That will have an effect on the real GDP growth because Kuwait is such a highly energy dependent economy. It all depends on how the oil markets behave.”

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