Oman came through as the best performer in the regional indices with gains of +2.0% over the month, followed by Egypt advancing by +1.7%, while Saudi Arabia and Bahrain gained +1.0% and +0.6%, respectively.

Dubai led the losing team with losses of -5.9%, followed by Kuwait, and Abu Dhabi indices each losing -4.9%, and -4.4%, respectively. Crude oil is still maintaining its position above the USD60 per barrel mark, ending November up +3.1% over the last month.

The active regional IPO pipeline, coupled with high oil prices and any positive news in the geopolitical scene will act as a catalyst to the subdued activity that the markets are witnessing recently.

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Dylan Harris

Dylan loves money, business and success. And the ladies love him.

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