By: Mahmoud Gamal
Mubasher: The GCC stock markets are expected to regain its upward trend in Thursday’s trading session, following the US Fed’s decision of keeping the interest rates unchanged as well as the rise of some global stock exchanges.
Despite the projected positivity, the GCC markets still need more profit taking activity on the medium term, said technical analyst Ibrahim Al-Filkawy.
Purchases are foreseen to control Thursday’s trading activity in the region, after the correction movement has started at the beginning of this week, capital market analyst Muhannad Erekat noted.
Translated by: Ingy ElSafy
