Mubasher: GCC stock markets are forecast to keep delivering a jittery performance during the mid-week trading session with focus on small and mid-cap shares, according to an analyst.
Due to disappointing Q3 financials, GCC blue-chip stocks witnessed a broad selling wave yesterday that pushed the markets, led by the Saudi bourse, to end the session in the red zone, said Nouaf Al-Ajmi, expecting traders to start building positions on small and mid-cap shares to offset their losses.
National traders are likely to keep adopting a buying tendency for shares that have technically reached attractive levels in spite of second-rate Q3 financials so far, Al-Ajmi highlighted.
