KFIC: 1% rise in the MSCI GCC Stock Exchange Index – Policy

The Kuwait Financial and Investment Company's July report highlighted the performance of key international financial markets, in addition to the Gulf markets, with an badysis of market performance and its link to events the most important and economical, where
The MSCI GCC Index rose 0.9% + in July, the Dubai Financial Markets Index posted the best performance in July, followed by the Abu Dhabi Index, while the Muscat Index in Oman was the worst performer, followed by Saudi Arabia.
In the United Arab Emirates, the Dubai Financial Markets Index increased 9.77% +, the real estate sector 18% +, financial services 13.14% + and the insurance sector 11, 56% +. In Abu Dhabi, the Abu Dhabi Securities Market index rose 6.79% + mainly under the influence of the real estate sector, which grew by 21.37% + and the consumer goods sector by 20.3%. , 96% +.
In Bahrain, the Bahrain Stock Exchange index rose + 5.21%, banking sector contribution of + 8.12%.
In Kuwait, the Kuwaiti market index rose + 4.88%, with a positive contribution of the telecommunications sector of 8.35% + and the financial services sector of 3.59% +.
In Qatar, the Qatar index increased slightly by + 0.05%, with the telecommunications sector up 5.85%, followed by the transport sector by + 2.09%.
In Saudi Arabia, the Tadawul All Share Index (TASI) lost 1.01% – the worst performers were the media (4.18%), the core materials (2.84%) and the food production (2.42%).
Global equity markets also advanced in July and the MSCI Global Markets index gained 0.42% +. The FTSE 100 was the best artist followed by the S & P 500.
In the United States, the S & P 500 index rose 1.31% + due to market expectations of a rate cut announced on the last day of July, as the US Federal Reserve reduced rates in the US. Interest rate of 25 basis points for the first time since 2008 due to inflation. Light and worried about global growth.
In the UK, the FTSE 100 rose by 2.17% +, and Boris Johnson was appointed prime minister, who promised to leave Britain by October 31, regardless of the conclusion of an agreement with the EU.
In Japan, the Nikkei 225 gained 1.15% or more, supported by the central bank's desire to support the local economy.
In China, the Shanghai Composite Index fell 1.56%, while the trade war with the United States continued and that there was no real agreement between the two parties .