International
MENA markets see unexpected movements following OPEC meeting in Doha

Markets in the MENA region witnessed an unexpected calm, exhibiting little volatility despite the unsuccessful OPEC meeting in Doha recently, according to the weekly investment report published by Al Masah Capital Limited (AMCL), a UAE-based alternative asset management advisory firm.
“Market observers were expecting a roller coaster after the collapse of the Doha talks where OPEC members failed to agree on a freeze in production to mitigate falling oil prices, but instead saw an opposite reaction. The fact that oil climbed back over $40 after a brief selloff also surprised investors as most were getting ready for a strong selloff in equities,” the report highlighted.
The unexpected market reaction to what can be considered negative news and a subdued reaction by buyers contributed to a mild week in movement. The weekly average gain of 1.5 per cent was mostly led by a 4 per cent gain in Egypt followed by Abu Dhabi with 2.2 per cent and Qatar with 1.5 per cent. By surprisingly contributing another positive week, April now sits pretty with one more week of trading left and in a seemingly strong position to add to the February and March gains and further solidify this mini rally in the first half of the year.
Buyers are certainly more emboldened and willing to stand up to selling pressure. If oil continues its uptick above $40, then regional markets can look to chart a further path upwards. However, caution is still recommended, as the oversupply picture for oil has not changed in a material way.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
Banking & Finance2 months ago
Alizz Islamic Bank Partners with Visa to Launch Premium Shari’a-Compliant Card Solutions
You must be logged in to post a comment Login