The Week Ahead - Regional Markets
The regional equity markets are set to be dominated by corporate earnings announcements. This week more than 50 companies, including Aramex, SHUAA, Air Arabia, DSI, GGICO, Dubai Investments, IHC, RAK Insurance, ADNOC Drilling, Yahsat, TAQA, ADNIC, Gulf Cement, Emirates Ins., Abu Dhabi Ports, NI Group, URC, AUB, UPAC, Agility, UGH, Ithmaar, UGIC, GFH, Alba, BASREC, Solidarity Bahrain, IQCD, QATI, VFQS, Milaha, GISS, etc. are expected to post their 2Q 2022 financial results and host earnings call.
Meanwhile, a sharp fall in crude oil prices last week over global growth concerns might subdue regional market sentiment this week. In addition, MSCI's quarterly index review on 11 August 2022 could also affect market movements.