Regional Investors to Follow Trends in Global Markets, Oil Prices

Regional Investors to Follow Trends in Global Markets, Oil Prices

Global equities closed in negative territory with US stocks closing at a 6-week low, which was mainly driven by weakness in technology stocks and worries that the Fed's monetary policy is becoming less effective in supporting a broader recovery. Although investors clearly reduced their exposure in technology giants during the week, buying activity picked in value stocks and small caps. Oil prices recorded a gain of 8.34% during the week, supported by an unexpected drawdown in US oil inventories and Saudi Arabia's efforts to push OPEC and its allies to comply with output quotas. 

For the MENA region, sentiments continued to remain broadly positive during the week as 4 out of the 7 regional indexes closed in green, supported