By: Mahmoud Gamal
Mubasher: The GCC stock markets are expected to continue their upward volatile performance on Monday, following the statement made by the Saudi energy minister and the secretary general of OPEC Khalid Al-Falih who agreed that the global oil market is heading towards a balance and that prices are starting to settle, analysts told Mubasher.
Despite the projected positivity in Monday’s session, liquidity is still weak in the GCC markets in line with Eid Al-Fitr holiday which will start in most of the markets on Tuesday, said capital market analyst Basel Abo-Teima.
Traders have to be patient when taking their investment decisions as well as choosing shares with financial coverage that reached low levels which can make good profits, said analyst Hammoud Al-Azmy.
Translated by: Ingy ElSafy
