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(MENAFN – Al-Anbaa) Financial analyst
After the huge losses recorded by the Gulf stock markets during the first quarter of 2020, which amounted to $ 520 billion as a result of the widespread spread of the emerging Corona virus, and its catastrophic repercussions on world economic activity at a cost that may reach $ 10 trillion, in addition to oil prices that have decreased from the beginning of the year by 80% to less than $ 20 per barrel, the Gulf markets began the recovery phase in April 2020, which can be long and volatile, one of the worst losses historically suffered since the world’s biggest financial crisis in 2008.
And the market value of the Gulf markets from the beginning of April 2020 to 26 of them has earned around $ 79 billion to record $ 2.57 trillion, as the biggest winner in market value was the market for Saudi securities at approximately $ 56 billion to register $ 2.07 trillion, followed by the Abu Dhabi Stock Exchange with an increase of $ 15 billion to register Its market value is $ 132 billion, the Financial Market of Dubai and the Qatar Stock Exchange at $ 5 billion each. As for the Kuwait Stock Exchange, despite its improved performance and low volatility, it has lost about two billion dollars since early April to record its market value of 89 billion dollars.
Regarding the performance of the indicators since the beginning of the year, the Dubai financial market index led by a loss of 28%, the Kuwait stock exchange lost an overall market index of 24%, the Saudi Arabian stock exchange. by 18.6%, the Qatar Stock Exchange by a loss of 18% and the Abu Dhabi Stock Exchange by 17.8%, boosting the S&P Composite Index S&P GCC countries posted a big loss of 19%.
By April 2020, most Gulf stock markets recovered, except Kuwait and Bahrain, where the Dubai Financial Market topped the list of winners by 12% and offset some of its losses as it increased from the lowest level reached during the year by 18% and also the Abu Dhabi Stock Market, whose index increased Since the beginning of this month, it increased by 11.7%, while it increased by 25.5% from its lowest level during the year.
And the Saudi Tadawul index gained from its lowest level, 14.6%, including 5% in April. As for the Qatar Stock Exchange, it increased from its lowest level in 2020 by 4.5%, despite losing 0.7% from the beginning of April to the date of the 27th, but the Kuwait Stock Exchange is not yet 7.8 % higher than its lowest during the year.
Gulf stock markets are expected to witness some recovery as a result of absorbing the loss from the oil markets and gradually starting to open economic activities within a month, reflecting positively on sentiment. from investors and will reduce losses incurred by publicly listed companies as a result of business interruption.
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After the huge losses recorded by the Gulf stock markets during the first quarter of 2020, which amounted to $ 520 billion as a result of the widespread spread of the emerging Corona virus, and its catastrophic repercussions on world economic activity at a cost that may reach $ 10 trillion, in addition to oil prices that have decreased from the beginning of the year by 80% to less than $ 20 per barrel, the Gulf markets began the recovery phase in April 2020, which can be long and volatile, one of the worst losses historically suffered since the world’s biggest financial crisis in 2008.
And the market value of the Gulf markets from the beginning of April 2020 to 26 of them has earned around $ 79 billion to record $ 2.57 trillion, as the biggest winner in market value was the market for Saudi securities at approximately $ 56 billion to register $ 2.07 trillion, followed by the Abu Dhabi Stock Exchange with an increase of $ 15 billion to register Its market value is $ 132 billion, the Financial Market of Dubai and the Qatar Stock Exchange at $ 5 billion each. As for the Kuwait Stock Exchange, despite its improved performance and low volatility, it has lost about two billion dollars since early April to record its market value of 89 billion dollars.
Regarding the performance of the indicators since the beginning of the year, the Dubai financial market index led by a loss of 28%, the Kuwait stock exchange lost an overall market index of 24%, the Saudi Arabian stock exchange. by 18.6%, the Qatar Stock Exchange by a loss of 18% and the Abu Dhabi Stock Exchange by 17.8%, boosting the S&P Composite Index S&P GCC countries posted a big loss of 19%.
By April 2020, most Gulf stock markets recovered, except Kuwait and Bahrain, where the Dubai Financial Market topped the list of winners by 12% and offset some of its losses as it increased from the lowest level reached during the year by 18% and also the Abu Dhabi Stock Market, whose index increased Since the beginning of this month, it increased by 11.7%, while it increased by 25.5% from its lowest level during the year.
And the Saudi Tadawul index gained from its lowest level, 14.6%, including 5% in April. As for the Qatar Stock Exchange, it increased from its lowest level in 2020 by 4.5%, despite losing 0.7% from the beginning of April to the date of the 27th, but the Kuwait Stock Exchange is not yet 7.8 % higher than its lowest during the year.
Gulf stock markets are expected to witness some recovery as a result of absorbing the loss from the oil markets and gradually starting to open economic activities within a month, reflecting positively on sentiment. from investors and will reduce losses incurred by publicly listed companies as a result of business interruption.
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