GCC markets likely to hold at current levels – Analysts

By Mahmoud Gamal

Mubasher: GCC equity markets are forecast to keep delivering a fluctuating performance during the mid-week trading session, analysts told Mubasher.

The sideways jittery performance is likely to continue on Tuesday with a bullish prospect, said market analyst Mahmoud Abu-Ziad, noting that long-term investors have started to come back with an appetite for low stock quotes that largely fell over the past session.

Market analyst Mohamed Al-Shammri clarified that investors still have considerable concerns over the markets' general trend, feeling uncertain whether the downward trend has ended.

Traders are advised to adopt quick speculations on stocks that have ticked buying marks, Al-Shammri concluded.  

MUBASHER Contribution Time: 01-Nov-2016 03:48 (GMT)
MUBASHER Last Update Time: 01-Nov-2016 03:48 (GMT)