Macroeconomic Review: External Reserves Rise as Oil Prices Remain on the Uptrend
Global crude oil prices maintained an upward trajectory in July, with Brent crude gaining ca +1.60% M-o-M to trade at $76.33pb while West Texas Intermediate crude (WTI) also gained ca +0.65% M-o-M to trade at $73.95pb by the end of the month. This increase comes despite…
Fixed Income Market Review and Outlook
Market sentiment in July was relatively weak despite the highly anticipated influx of liquidity from maturing instruments, Coupon inflows, OMO and NTB maturities, that were expected to drive a bullish bias. Contrarily, mixed to bearish sentiments dominated the bonds market with improved offers…
Equities Market Review and Outlook
The downtrend in the domestic bourse was reversed in July as a rally in the market, driven by investor’s positioning ahead of H1:2021 earnings releases and potential interim dividend income, buoyed the performance. Consequently, the benchmark index, rose by 1.69% M-o-M to settle at 38,547.08 points, while YTD loss trimmed to -4.28%. Sector Performance was mixed in the month…
