Mubasher: GCC equity markets are forecast to witness a selling wave on Thursday as oil prices are slipping below $48 per barrel, according to analysts.

Investors will likely have tendency for liquidation and sell-offs today amid a dire need of positive data, said market analyst Mohamed Al-Azmi, noting lower liquidity levels are still the first reason behind this jittery performance.

GCC markets are not only pressured by the decline in oil prices, but also by slower economic growth and the increasing austerity measures that are adopted by the region's countries, economic analyst Maitham Al-Shakhs clarified, adding that investors are showing interest in Egypt blue-chip and mid-cap stocks.

Investors are advised to take their investment decisions watchfully as regional markets are seen giving a volatile performance amid global markets' mixed movements, Al Azmi concluded.