Below are the year-to-date percentage returns for all GCC market sectors. The top performers this year are the insurance sector in Qatar and (surprisingly?) the banking sector in Kuwait.
Seven of the bottom ten performing sectors are from the UAE market. The Dubai utilities and Abu Dhabi real estate sectors have been by far the worst sectors so far this year.
Is there a tendency for the best or worst performing sectors to continue to perform well or poorly in the future? I'll be taking a look at sector rotation strategies in an upcoming post.
Enjoy.