+0.93
Kuwait Premier Market
Markets
Timely market updates, asset-class performance, and expert commentary on global and regional developments.
Market Commentary
The latest read-across from our research desk's daily and monthly reports.
Daily Update · 24 Sep 2026
Gulf Markets Daily Commentary
Most Gulf equity markets closed higher on Wednesday, buoyed by restored crude flows from Saudi Arabia's East-West Pipeline and growing optimism over a diplomatic resolution to the US–Iran conflict. Brent slipped below USD 100 a barrel for the first time since 8 September. Dubai edged 0.2% higher, Qatar rose 0.3% and Abu Dhabi reversed early losses to finish 0.4% up, while the Saudi market was closed for a public holiday.
Monthly Outlook · August 2026
Global Equities: Primary Uptrend Intact, Volatility Ahead
We believe the primary trend remains upwards, but expect declines in the near to medium term as bond yields rise: the US 30-year trades well over 5% and the 10-year sits in the 4.75–4.80% range, while the S&P 500's 21–22x forward P/E leaves little headroom for the equity risk premium. Among GCC indices Saudi Arabia outperformed in August on resilient bank earnings, though corporates have signalled a softer second half of 2026.
GCC Index Performance
Daily, month-to-date and year-to-date moves across the five main Gulf benchmarks, from the 24 September 2026 Daily Equity Market Update.
- 1 Day
- Month to date
- Year to date
Kuwait (Premier Market)
+0.93% -0.70% -2.89%
Saudi Arabia (TASI)
0.00% -4.01% +1.81%
Dubai (DFM General)
+0.18% +2.95% -0.65%
Abu Dhabi (ADX General)
+0.36% +2.61% +2.76%
Qatar (QE Index)
+0.33% -2.66% -11.31%
View data table
| Index | 1 Day (%) | Month to date (%) | Year to date (%) |
|---|---|---|---|
| Kuwait (Premier Market) | +0.93 | -0.70 | -2.89 |
| Saudi Arabia (TASI) | 0.00 | -4.01 | +1.81 |
| Dubai (DFM General) | +0.18 | +2.95 | -0.65 |
| Abu Dhabi (ADX General) | +0.36 | +2.61 | +2.76 |
| Qatar (QE Index) | +0.33 | -2.66 | -11.31 |
GCC Performance Snapshot
Index levels, 52-week ranges and valuation metrics as of 24 September 2026. Market capitalisation in USD millions.
| Index | Close | 52W High | 52W Low | Market Cap (USD Mn) | Dividend Yield (%) | P/E |
|---|---|---|---|---|---|---|
| Kuwait | 9,223.53 | 9,756.75 | 8,828.03 | 144,195 | 3.42 | 17.59 |
| Saudi Arabia | 10,680.61 | 11,781.68 | 10,193.80 | 2,475,541 | 4.33 | 14.62 |
| Dubai | 6,008.03 | 6,785.48 | 5,233.10 | 255,921 | 5.21 | 9.12 |
| Abu Dhabi | 10,269.01 | 10,755.36 | 9,298.60 | 695,265 | 2.40 | 13.34 |
| Qatar | 9,545.54 | 11,518.39 | 9,482.00 | 139,866 | 5.24 | 11.00 |
Global Equity Markets
Month-to-date and year-to-date performance of major global and regional indices, index closes as of 31 August 2026.
- August (MTD)
- Year to date
NASDAQ 100
+4.2% +16.7%
STOXX Europe 600
+0.3% +9.9%
FTSE 100
-0.4% +9.0%
German DAX
+2.5% +7.2%
Saudi Arabia (TASI)
+5.1% +6.1%
Abu Dhabi
+0.9% +0.1%
Hang Seng
-1.2% -0.2%
Kuwait (Premier Market)
+0.8% -2.2%
Dubai
+0.7% -3.5%
Qatar
-1.1% -8.9%
View data table
| Market | August (MTD) (%) | Year to date (%) |
|---|---|---|
| NASDAQ 100 | +4.2 | +16.7 |
| STOXX Europe 600 | +0.3 | +9.9 |
| FTSE 100 | -0.4 | +9.0 |
| German DAX | +2.5 | +7.2 |
| Saudi Arabia (TASI) | +5.1 | +6.1 |
| Abu Dhabi | +0.9 | +0.1 |
| Hang Seng | -1.2 | -0.2 |
| Kuwait (Premier Market) | +0.8 | -2.2 |
| Dubai | +0.7 | -3.5 |
| Qatar | -1.1 | -8.9 |
Commodities
Year-to-date price change across energy, precious and base metals. Gains ran across the complex in August: gold rose 9.43% on the month, and agricultural commodities such as sugar and wheat are up 20–30% year to date.
LNG – Asia
+141.67%
DME Oman crude
+70.47%
NYMEX WTI crude
+49.36%
Brent crude
+48.71%
Tin
+36.16%
Aluminium alloy
+27.54%
Zinc
+24.55%
Copper
+15.06%
Aluminium
+8.23%
Gold
+2.44%
Nickel
+1.29%
Rolled steel
-4.12%
Lead
-5.25%
Silver
-5.58%
Natural gas
-20.37%
View data table
| Commodity | Year to date (%) |
|---|---|
| LNG – Asia | +141.67 |
| DME Oman crude | +70.47 |
| NYMEX WTI crude | +49.36 |
| Brent crude | +48.71 |
| Tin | +36.16 |
| Aluminium alloy | +27.54 |
| Zinc | +24.55 |
| Copper | +15.06 |
| Aluminium | +8.23 |
| Gold | +2.44 |
| Nickel | +1.29 |
| Rolled steel | -4.12 |
| Lead | -5.25 |
| Silver | -5.58 |
| Natural gas | -20.37 |
Commodities Monitor
Last price and 1-month, 3-month and year-to-date change as of 31 August 2026.
| Commodity | Last | MTD (%) | 3M (%) | YTD (%) |
|---|---|---|---|---|
| NYMEX WTI crude (USD/bbl) | 85.76 | +1.29 | -1.83 | +49.36 |
| Brent crude (USD/bbl) | 90.49 | +0.41 | -1.69 | +48.71 |
| DME Oman crude (USD/bbl) | 104.72 | +21.75 | +1.16 | +70.47 |
| Natural gas (USD/MMBtu) | 2.94 | +6.84 | -10.79 | -20.37 |
| LNG – Asia (USD/MMBtu) | 23.20 | +8.67 | +27.47 | +141.67 |
| Gold (USD/oz) | 4,431.10 | +9.43 | -2.84 | +2.44 |
| Silver (USD/oz) | 66.22 | +14.98 | -12.42 | -5.58 |
| Aluminium (USD/t) | 3,242.0 | +1.82 | -11.58 | +8.23 |
| Aluminium alloy (USD/t) | 3,200.0 | 0.00 | -3.76 | +27.54 |
| Copper (USD/t) | 14,294.0 | +3.65 | +4.83 | +15.06 |
| Tin (USD/t) | 55,223.0 | -0.08 | -0.35 | +36.16 |
| Zinc (USD/t) | 3,883.0 | +6.59 | +9.69 | +24.55 |
| Lead (USD/t) | 1,905.5 | +1.49 | -5.48 | -5.25 |
| Nickel (USD/t) | 16,861.0 | -2.25 | -11.55 | +1.29 |
| Rolled steel (CNY/t) | 2,967.8 | +0.59 | -2.65 | -4.12 |
Commodities & FX vs USD
Closing levels and year-to-date change against the US dollar, 24 September 2026.
| Instrument | Close | YTD (%) |
|---|---|---|
| WTI crude | 92.71 | +61.49 |
| ICE Brent | 103.31 | +69.61 |
| GBP | 1.324 | -1.75 |
| EUR | 1.138 | -3.11 |
| JPY | 158.29 | +1.05 |
| KWD | 0.307 | -0.07 |
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