December’s performance was positive for most of the sample markets; 13 out of 14 markets achieved gains and a single market achieved losses. As a result of that performance, 6 markets maintained their positive position compared to their position at the end of 2018, and 7 other markets joined the positive zone in 2019 bringing the total number of markets in that positive region to 13 markets by the end of the year. One market remained in the negative zone.The biggest gainer in 2019 was the French market whose index added about 26.4% contrary to its performance at the end of 2018 when its index achieved losses by -11%. The second biggest gainer was the German market which gained 25.5%, compared to -18.3% losses at the end of 2018. The third biggest gainer was Boursa Kuwait with 23.7% gains according to its All-Share Market index, i.e. it is the best performing market among the region’s stock markets. The American market moved from the negative region in the end of 2018 with the lowest losses and by -5.6% within the sample markets to about 22.34% gains to occupy the fourth position on the gainers’ list since the beginning of the year and at a very slight difference from the Chinese market, whose index achieved gains of 22.30%. The Bahraini stock market occupied the same position, i.e. the sixth at the end of both years (2018 and 2019); however, its gains increased significantly from 0.4% to 20.4%. The Qatar stock market achieved the least gains by about 1.2%.
The only loser in 2019 was the Muscat market whose losses amounted to -7.9%; it is also the only market among the sample markets whose index achieved losses during December compared to November performance by -2%.
Logically, the negative performance of the sample markets will prevail in 2020 as gains in 2019 were high. With the continued weak growth of the global economy, the continuation of the heated geopolitical events, and the continued drop in oil prices and the attempt to support them by reducing production, it seems that a correction movement has become due to most of the global market.