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00:00 So, how were the global market movements during the past week,
00:05 in light of the statements we heard from US federal members?
00:09 And also, regarding Jerome Powell's speech,
00:12 which clarified that the continuation of monetary policy,
00:15 and the positive equations, and the expansion that we are witnessing now,
00:19 is in need of perhaps more monetary policy renewal.
00:23 This intensification was clear on the market movements,
00:27 especially in the Thursday session, where we noticed
00:30 the US dollar and US bond indexes' decline.
00:37 But during the past week, how were the movements?
00:40 We noticed that the US markets achieved weekly profits
00:44 for the third week in a row.
00:46 The Friday session was clear in terms of US index profits,
00:51 and therefore, it was led by the technology sector.
00:54 We noticed that Nasdaq had the best performance,
00:57 and recorded the best performance during the Friday session.
01:00 Therefore, we have Microsoft's contribution,
01:03 which achieved the highest levels of performance during this session.
01:07 The weekly profits of the S&P 500 were more than 1%.
01:11 And for Dow Jones, it was close to 16%.
01:15 Jerome Powell's strengthening and tightening statements
01:19 are what confirm the continuation of the monetary policy
01:23 for a longer period, despite the fact that we reached
01:25 the interest rates at 5.25%,
01:28 which is the highest in 22 years.
01:31 Therefore, this had a clear reflection on the US dollar index movements,
01:35 which achieved weekly profits of almost 17%.
01:39 These profits come after a week of declines during the previous week.
01:44 But the movements on the prices of the bonds,
01:47 we noticed there were clear declines in the prices of oil
01:51 during the previous week, even when Khan Brandt broke the 90-dollar levels
01:55 during the previous week.
01:57 Therefore, we also noticed these negative movements,
02:00 and a test of the lowest levels in three months,
02:02 which comes under the pretext of the rising prices
02:05 and the lower geopolitical tensions,
02:07 in response to the fears that have become today
02:10 of the decline of demand, despite the negative economic data
02:14 from the Chinese economy.
02:15 Therefore, the impact of demand on the consumer's interest in China
02:19 is a factor.
02:20 This week, we will also be following the OPEC+ meeting
02:24 on the 26th of this month,
02:26 in light of the commitment of OPEC+ member states,
02:30 whether it is Saudi Arabia or Russia,
02:33 to extend the voluntary low until the end of 2023.
02:37 Therefore, there was also a commitment by Iraq
02:40 to the production policy that was determined by OPEC+.
02:43 We also notice the US decline in returns by 4%
02:47 during the previous week,
02:49 in light of the highs that we also saw
02:51 on US stocks, at about 12 million dollars.
02:54 The movements on gold,
02:56 how the previous week was in light of the dollar strength
02:59 that we touched on,
03:00 and the weekly profits,
03:01 there were returns on securities in terms of gold,
03:05 and these weekly returns of about 3%
03:09 come in light of the highs that we also saw,
03:12 which are the second week's returns on the balance sheets,
03:15 and this is the worst week in the past six weeks
03:18 in terms of gold movements in the previous week.
03:21 The movements also in terms of European markets,
03:25 we noticed that the meeting on Friday
03:27 had more than 1% returns,
03:30 which comes under pressure from all sectors,
03:33 except the oil sector,
03:34 which declined during the meeting on Friday
03:36 in terms of profits, with the oil prices movements.
03:39 The movements are still in line with the statements
03:42 by the European Central Bank,
03:44 which mentioned that the interest rates at 4%
03:47 are enough to curb inflation,
03:50 but there is a delay to the decline
03:52 during the next two quarters
03:54 during this period of interest rates.
03:57 As for the Gulf markets movements,
04:00 they were in light of the results of the companies' work
04:03 for the third quarter of this year,
04:05 and therefore we noticed in terms of the Dubai market indicator,
04:07 which achieved more than 1% returns
04:10 during the past week,
04:11 and which came with clear support,
04:13 especially in the meeting on Friday,
04:15 from the positive results of the real estate construction leader,
04:18 which grew its profits by more than 120%
04:21 exceeding expectations.
04:23 The results of the work were a main driver
04:25 for the Gulf markets movements.
04:27 As for Fudsi Abu Dhabi,
04:29 we notice weekly increases in the markets,
04:32 especially in the Emirati markets,
04:35 for the Abu Dhabi market,
04:36 which is the second achievement of weekly profits on the trend,
04:39 and for the Dubai market,
04:41 which is the third achievement of the week on the trend.
04:43 The Kuwaiti first indicator recorded weekly profits
04:45 of 18.1%,
04:47 movements that were clear from a number of leading shares,
04:50 including Beytak and Watani,
04:52 which supported the first indicator movements,
04:55 in addition to the results of the work of several companies,
04:57 and above them,
04:59 Tayran Al Jazeera and others.
05:00 As for the Qatar Stock Exchange,
05:02 we noticed that during the week,
05:03 there was a kind of weekly decline
05:06 in the Qatar Stock Exchange movements,
05:08 and in the Saudi market,
05:09 we noticed that there were slight increases
05:12 of less than 20%.
05:14 The results of the work of the clear companies,
05:17 especially from the telecommunications sector,
05:19 and also the petrochemical companies,
05:21 which were affected during the third quarter of this year
05:24 with the prices declines
05:25 that we saw on the oil prices,
05:27 we noticed weekly declines
05:29 of less than 20%.
05:32 As for the Egyptian 30-point indicator,
05:35 which was able to test levels
05:37 that are historically the highest,
05:38 and it was closed at 24,300 points,
05:41 this support was also due to the results
05:44 of the work of the companies,
05:45 and also that led the real estate sector
05:48 to clear gains,
05:50 and the international trading share,
05:52 which also recorded historical levels,
05:54 and therefore we recorded,
05:55 for the 30-point indicator,
05:57 historical weekly highs.
06:00 So this is a look at the movements of the markets
06:02 during the past week.