Category
🗞
NewsTranscript
00:00 A special report by CNBC Arabia reveals the decline of the foreign investment portfolio
00:06 in Gulf stocks over the past 11 months.
00:09 What are the main reasons behind this?
00:11 In the beginning, if we look at November specifically, we notice that the foreign investment portfolio
00:17 in Gulf stocks declined by 53% to $1.3 billion.
00:24 If we look at the first 11 months of the current year, we also notice that the foreign investment
00:31 portfolio declined by more than 90% to $2.4 billion in the first 11 months of the current year.
00:43 Moving on to the Gulf stocks, if we look at the Gulf stocks specifically, at Qatar,
00:51 we notice that there was a foreign export of $149 million.
00:57 And if we look at the Abu Dhabi stock market, we notice that there was a foreign export
01:02 of about $1 billion.
01:05 Moving on to other Gulf stocks, we notice that in Kuwait, there was a decline in the
01:11 foreign investment portfolio of about 95% to $131 million.
01:18 In the Dubai stock market, there was also a decline in the foreign investment portfolio
01:22 of about 14% to $1.1 billion.
01:26 And in the Saudi stock market, it had a higher share of foreign investments, as we notice,
01:33 despite the decline of about 72%.
01:37 Moving on to the leadership in the Gulf stocks in 2023, in terms of the real estate stock,
01:44 we notice that there was a positive performance for the share, rising by 29% since the beginning
01:50 of the current year.
01:51 The foreign exchange rate on the share reached 181 million shares, and the current ownership
01:57 of the foreign exchange is 37%.
02:00 Moving on to the Abu Dhabi stock market specifically, with the Bank Abu Dhabi first share, we notice
02:05 that the share declined by 20% since the beginning of the current year.
02:09 The foreign exchange rate on the share was 77 million shares, and the current ownership
02:16 of the foreign exchange is 16%.
02:19 Of course, we notice that this affected the negative performance of the share since the
02:23 beginning of the current year.
02:24 As for the Aramco stock in the Saudi market, we notice that the performance of the share
02:28 was positive, there was a rise in the share 14% since the beginning of the current year.
02:34 The foreign exchange rate on the share was 178 million shares, and the current ownership
02:40 of the foreign exchange is 14%.
02:43 As for the MSCI index review, we note that seven Gulf stocks were added to the MSCI index,
02:52 of course, this is for the last round of reviews of the international indexes, and this year
02:56 four Gulf stocks were added to the FTSE index.
03:01 And finally, we also note that the oil prices, we notice that since the beginning of the
03:06 current year, the price of Brent has declined by 9%.
03:10 And of course, today, this decline in oil prices comes amid geopolitical tensions in the
03:16 Middle East and the implications of the Gaza war.
03:19 All of this, of course, affects the balance between supply and demand and the decrease
03:24 in oil prices this year.
03:26 This was the most important detail on the decline in foreign investment in Gulf stocks
03:33 during 2023.