Markaz hosts House Views 2022: Navigating the Markets investment webinar

Markaz hosts House Views 2022: Navigating the Markets investment webinar

Kuwait: Kuwait Financial Centre “Markaz” recently hosted its investment webinar, titled ‘Markaz House Views 2022: Navigating the Markets’, which focused on new and emerging trends and developments in the market such as the key themes and dominant performance drivers for various asset classes over the coming months. Moderated by Abdullatif W. Al-Nusif, Managing Director, Wealth Management and Business Development at Markaz, the discussion saw experts from Markaz address the questions that are top of mind for investors and share their viewpoints on a range of issues that they should watch closely.

Kuwait Equities

2021 proved to be a good year for Kuwait equities as they returned over 30% amid healthy participation from both domestic and foreign investors, noted Mohammad K. AlAbdulkader, Vice President, Buy Side Research, MENA Equities at Markaz. However, the business environment remained challenging in 2021 causing low revenue growth. As a result, earnings growth has lagged the index rise leading to rich valuations. Credit offtake remains healthy, supported by strong growth in the retail category while corporate credit demand remained tepid. Revival in project awards on the back of government spending holds the key. For 2022, higher oil prices and reform initiatives such as the mortgage law bode well