Comparative Performance of Selected Stock Markets – October 2019

October performance was positive for the majority of selected markets, in which 9 markets achieved gains and 5 markets achieved losses. The first ten months’ performance of this year concluded that 11 markets were gainers compared with their price levels since the beginning of the year, while 3 markets achieved losses.

The biggest gainer in October was the Japanese market whose index gained 5.4% in one month, continuing its positive performance as it was also the best performing market in September, bringing its gains since the beginning of the year to around 14.6% by the end of October. The second biggest gainer was the Indian market by 3.8% gains in October, with 11.3% gains since the beginning of the year. The German market was the third biggest gainer by 3.5% in October, marking the best performance in the sample markets since the beginning of the year with a gain of 21.9%.

The biggest loser during October was the Saudi market with -4.3% loss, shifting to the negative zone to become the least losing market since the beginning of the year, by -1.1%. The UK market was the second biggest losing market in October, losing -2.2%, and its gains have fallen since the beginning of the year from around 10.1% at the end of September to around 7.7% by the end of October. Three Gulf stock markets occupy the remaining positions of the losing markets during October: Qatar market lost about -1.7%, Dubai market lost -1.2%, and the Omani market lost -0.4%.

The performance of October changed slightly in the ranking of the markets’ performance since the beginning of the year until the end of the month, with the German market leading gainers in the sample by 21.9% gains as mentioned above. Despite the negative impact on China due to its trade war with the United States, it remained the third largest gainer since the beginning of the year with about 17.4% gains, behind  the French market in the second place with about 21.1% gains.