By: Mahmoud Gamal
Mubasher: The GCC stocks are in need for more liquidity to be pumped on Tuesday in order to break key resistance levels, as traders awaiting the announcements of H1 financial statements, said financial analyst Muhannad Oraykat.
The important resistance levels are 6,800 points for Tadawul, 3,550 points for DFM, and 4,600 points for ADX, said technical analyst Hamed Al-Anqari.
Traders should ease their speculations and do not build positions while monitoring the main resistance levels which will determine the markets’ performance, said analyst Abdullah Al-Jabali.
For the rest of this week, the GCC stock markets may see strategic exchanges for investment funds, said capital market analyst Hamoud Al-Shimry.
Translated by: Ingy ElSafy
