By: Mahmoud Gamal
Mubasher: Traders at the GCC stock markets have started to focus on blue chips which closed in green on Monday, coinciding with the rise of the majority of global stocks, analysts told Mubasher.
Despite the continuous fall of oil prices, analysts have expected that the majority of the GCC markets will see an upward sideways performance on Tuesday.
Blue chips are likely to see further accumulation during Tuesday’s session, after they have reached attractive price levels, said capital market analyst Adnan Al-Delimi.
Foreign investors showed a purchase power in regional markets during Monday’s session as new liquidity was pumped, namely into the UAE markets, the analyst added.
Translated by: Ingy ElSafy
