The Week Ahead - Regional Markets
Players in the GCC’s equity markets are expected to shift their focus to the much-awaited meeting of the US Fed this week, in which it is widely expected to lift the interest rates. Meanwhile, the Russia-Ukraine conflict will continue to be on investors’ radar, hoping for any breakthrough in the peace talks between the two nations.
In terms of corporate activity, this week, Dana Gas, Unikai Foods, Alpha Dhabi, QGMD, Mannai, QIG, and others are scheduled to publish their financial results. In addition, ADCB, TAQA, RAK Ceramics, ADNH, ADIB, Al Salam Bank, BRES, QEWC, Oman Cement, Phoenix Power, among others, will seek shareholders’ approval for dividend distribution, bonus issue, share capital increase, etc.
What are regional CEOs and CFOs telling us?
Iridium Quant Lens analyzed 5.2 million words from 1,001 Earnings Calls using its proprietary AI-platform to investigate how GCC sentiment trends have evolved after the 4Q 2021 earnings cycle. The new report reveals that:
- GCC Earnings Call sentiment is at its highest level since 2019, further improving for the seventh consecutive quarter from its all-time low in 1Q 2020
- The improvement in sentiment coincides with a further reduction in the number of mentions of Covid and other health-related words in earnings calls
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