Investors Should Be Cautious Due to Rising Global Markets Uncertainty

Investors Should Be Cautious Due to Rising Global Markets Uncertainty

Global equities performed negatively during the week on the back of weak economic data, worries of a second pandemic wave and the timid recovery post-lockdown.. Oil prices observed another positive week of gains of 18.96% amid a gradual uptick in global demand over the phased reopening of economies.. For the region, the trading activity was broadly mixed during the week, as optimism over the reopening of economies was negatively offset by OPEC's downward revision to its global oil demand forecast for 2020.. During the week, 5 out of the 8 regional indexes closed in red, while 3 closed in green.. Bahrain was the worst performing index regionally with losses of 3.05%, followed by 1.86% in Kuwait, 1.79% in Oman, and 1.46% in Dubai.. Saudi Arabia was the best performer with gains of 1.33%, followed by 1.09% in Egypt, and 0.13% in Abu Dhabi.. Going forward, investors should continue to remain cautious due to the rising uncertainty of the global outlook and worries of a second wave of COVID-19 cases.. For the regional markets, trading activity during the coming two weeks is likely to be subdued due to the upcoming Eid holidays.. The rising uncertainty within the global markets will refrain