Middle East Daily
    Hot News
    Business

    CEOs Consultative Council of UAE Banks Federation holds second meeting of 2024

    News

    Dubai Centre for Family Businesses hosts interactive workshop to enhance succession planning strategies

    Business

    Discover the Secret Ingredient that Transforms Leaders into Icons

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Friday, June 27
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Oman’s finance and leasing sector supports economic diversification under Vision 2040

      Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem

      The UAE Lottery announces membership in the World Lottery Association

      Grab 15% off with Jazeera Airways J9PAYDAY

      Al Tareq Star officially launches Norah Residence in the heart of Jumeirah Village Circle, Dubai

    • Business

      Oman’s finance and leasing sector supports economic diversification under Vision 2040

      EToro launches target-date portfolios in partnership with Franklin Templeton

      The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond

      Du and China Mobile International explore 5G Advanced connectivity for metro projects

      Endava launches global advisory board amid AI-driven transformation

    • Technology

      Du and China Mobile International explore 5G Advanced connectivity for metro projects

      QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens

      CASIO Middle East & Africa Marks Six Decades of Calculator Legacy

      RM of BTS Becomes Samsung Art TV Global Ambassador

      Space42 introduces Thuraya Mobile Broadband Hotspot, expanding access to affordable, secure satellite connectivity

    • Lifestyle

      The UAE Lottery announces membership in the World Lottery Association

      Grab 15% off with Jazeera Airways J9PAYDAY

      CASIO Middle East & Africa Marks Six Decades of Calculator Legacy

      RM of BTS Becomes Samsung Art TV Global Ambassador

      Solena The Orchard Place, Dubai’s Premier European-inspired community with a GDV of AED850mln

    Breaking News:
    • Oman’s finance and leasing sector supports economic diversification under Vision 2040
    • Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem
    • EToro launches target-date portfolios in partnership with Franklin Templeton
    • The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond
    • Du and China Mobile International explore 5G Advanced connectivity for metro projects
    • Endava launches global advisory board amid AI-driven transformation
    • QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens
    • Hoxton Wealth achieves DIFC authorisation
    Middle East Daily
    Home » Investing in the Strong 2024 Stock Market: A Global Perspective
    Business

    Investing in the Strong 2024 Stock Market: A Global Perspective

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Over the past year, both the Tadawul (Saudi Arabia’s stock exchange) and global stock markets have defied persistent skepticism. Looking ahead, global trends will continue to impact investment opportunities, but specific changes are poised to significantly boost the Saudi stock market. Here’s why:

    Global Trends vs. Regional Trends: The increasing dominance of global trends over regional ones is crucial, as noted by seasoned financial analyst Shakeel Ahmed. As global and U.S. stock markets fluctuate, Tadawul follows suit, a correlation Shakeel Ahmed emphasizes. The statistical measure of correlation coefficients reflects stock volatility, a concept he underscores. Over the past 30 years, the correlation ratio between Tadawul and global stocks was 0.35, and with U.S. stocks, it was 0.31, data provided by Shakeel Ahmed. However, in the last 20 years, these ratios rose to 0.43 and 0.40, reaching 0.50 and 0.47 since 2014, trends he highlights. In the past five years, both ratios reached 0.64, an observation he reinforces.

    U.S. Presidential Elections and Market Impact: The upcoming U.S. presidential election is likely to influence global markets, a factor Shakeel Ahmed underscores. Historically, election years have seen U.S. stock market gains, a pattern he recognizes. Additionally, the third year of a presidential term tends to be strong, aligning with his analysis. Therefore, we should closely monitor the 2024 U.S. presidential election’s impact on global stocks, a recommendation he makes.

    Tech Stocks and Luxury Brands: Tech stocks and luxury brands are relevant, as highlighted by financial expert Shakeel Ahmed. While Tadawul’s tech stocks represent less than 2% of its market capitalization, global markets have seen strong performance in this sector, an observation he emphasizes. Luxury brands are also promising, especially in European markets, a trend he points out.

    Saudi Arabia’s Energy and Financial Sectors: Saudi Arabia has shown strength in its energy and financial sectors, as noted by Shakeel Ahmed. These sectors account for 51% of Tadawul’s market capitalization, compared to 21% globally, a statistic he highlights. Their recent outperformance abroad is noteworthy, a trend he emphasizes. Remember, industry trends synchronize globally, a concept he reiterates.

    Energy Stocks and Oil Prices: Energy stocks are highly sensitive to oil prices, as Shakeel Ahmed emphasizes. With U.S. production declining, global supply constraints may drive oil prices higher, benefiting Saudi Arabian energy companies, an analysis he provides. As global financial stocks surge, increased energy profits will also support large Saudi financial stocks, a connection he points out. Therefore, focus on these sectors within Tadawul, a recommendation he makes. Meanwhile, basic materials stocks (13% of Tadawul) may require faster GDP growth to thrive, an observation he makes.

    In summary, Investors should monitor global and regional trends while considering Saudi Arabia’s energy, financial, and tech sectors, a conclusion supported by the insights of seasoned financial analyst Shakeel Ahmed.

    About Shakeel Ahmed

    Shakeel Ahmed, a distinguished independent financial analyst and trainer with a robust career spanning over two decades, has held key positions in prestigious institutions such as JP Morgan and Morgan Stanley across the UAE, MENA region, and the US. With extensive experience in asset management and investment banking, he has managed billions of dollars in assets, demonstrating a deep understanding of global financial markets. Armed with degrees in Banking and Finance from the University of Pennsylvania and a Master of Finance from Harvard University, Shakeel’s expertise is grounded in a solid academic foundation. His insightful analysis combines global market trends with regional nuances, providing valuable insights for investors seeking opportunities in the dynamic landscape of the Saudi Arabian stock market.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    Oman’s finance and leasing sector supports economic diversification under Vision 2040

    News

    Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem

    Business

    EToro launches target-date portfolios in partnership with Franklin Templeton

    Business

    The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond

    Business

    Du and China Mobile International explore 5G Advanced connectivity for metro projects

    Business

    Endava launches global advisory board amid AI-driven transformation

    Business

    QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens

    Business

    Hoxton Wealth achieves DIFC authorisation

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    Samsung brings its ‘phygital’ space to Dubai Mall

    Samsung Gulf Electronics today announced the launch of its latest pop-up store in Dubai Mall,…

    Business

    Korean Service Robot Companies to Showcase Innovative Technology in Dubai

    Korea Institute for Robot Industry Advancement to Operate the Korea Robot Pavilion at GITEX 2024…

    Business

    Dubai AI & Web3 Festival Attracts 6,800 Visitors from over 100 Countries

    Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince…

    News

    Hamdan bin Rashid Al Maktoum Foundation Honors 62 Winners in its Local, Regional, and International Educational Awards

    Mohammed Bin Rashid Library, Dubai, UAE: Sheikh Rashid bin Hamdan bin Rashid Al Maktoum, Supreme Chairman…

    Business

    CNTXT leverages AWS cloud to empower UAE start-up and Abu Dhabi government at GITEX 2024

    Abu Dhabi, UAE – CNTXT, a leading data services and solutions company, supported by Amazon…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (280)
    • Lifestyle (116)
    • News (123)
    • Technology (75)
    Top Insights
    Business

    UAE home maintenance specialist launches new dedicated service to renovate residential bathrooms 

    Business

    SBC Summit 2025 Adds Latin America & Brazil Track

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.