GCC markets likely to fluctuate ahead of OPEC meeting – Analysts

By Mahmoud Gamal

Mubasher: GCC stock markets are likely to deliver a jittery performance on Monday amid doubts over having a cut/freeze deal in the next major oil producers' meeting on Wednesday, according to analysts.

Regional markets are still giving a fluctuating performance as traders are uncertain about the trend of oil prices that tumbled on early Monday, said market analysts Mahmoud Abo-Ziad.

The analyst expected the sideways movement to control the trading rhythm ahead of OPEC meeting that will likely lower liquidity levels.

Traders are advised to adopt quick speculations to limit their losses incurred over the past sessions, market analyst Faisal Al-Hamouri concluded. 

MUBASHER Contribution Time: 28-Nov-2016 03:49 (GMT)
MUBASHER Last Update Time: 28-Nov-2016 03:49 (GMT)