By: Mahmoud Gamal
Dubai-Mubasher: The GCC stock markets have succeeded on Sunday to ignore the negative impacts of the recent events in Turkey which pushed the gulf investors to be wary of trading, analysts told Mubasher.
By the second half of Sunday’s session, the markets managed to absorb the impact of the coup attempt in Turkey, said capital market analyst Ibrahim Al-Filkawy.
The entrance seen for some stocks is temporary and will not be a long-term investment entrance, Al-Filkawy noted.
The GCC stock exchanges are currently moving in positive paths despite the weak liquidity, said capital market analyst Basel Abo-Teima.
The analyst advised traders not to expand positions amid the slight rise of oil prices seen on Friday.
A correction movement may be witnessed in regional markets and last for two sessions, in case the price of Brent crude oil falls to below $46 per barrel, said capital market analyst Abdullah Al-Jabali.
Translated by: Ingy ElSafy
