August’s performance was negative for most selected markets, with 13 losers and only one gainer. However, the performance during the eight months of this year had 12 gaining markets in compared to their price levels since the beginning of the year and only two markets achieved losses.
The biggest loser during August was the Saudi market with its index losing -8.2% falling to 12th place from 9th, thus becoming the least in gains market since the beginning of the year by 2.5%. Dubai’s market was the second biggest loser in August, losing about -5.5%. Its gains since the beginning of the year have dropped from around 15.4% at the end of July to 9% by the end of August. The British market had settled in the 8th place since the beginning of the year but it achieved losses by -5% in August. The least loser was the Indian market which lost -0.4%.
The only gainer in August was the Muscat market, which gained about 6.5% in one month. These gains reduced its losses since the beginning of the year to around -7.4% by the end of August from -13% in the end of July. However, it remained as the biggest losing market since the beginning of the year. The last monthly gains for the Muscat market date back to September 2018. August performance slightly changed the ranking of the markets’ performance since the beginning of the year until the end of the month. Boursa Kuwait topped the list of gainers in this sample according to its All-Share Market index, by 17% gains down from the 20.4% level at the end of July because it lost about -2.9% during this month. Despite the negative impact on China regarding its trade war with the United States, it was the third biggest gainer since the beginning of the year in the performance of markets with about 15.7% gains, behind the French market in the second place by 15.8% gains.