Mubasher: Most GCC stock markets are expected to deliver a negative performance on Thursday amid investors' lacking of buying appetite and the downturn of world and oil markets once again, according to analysts.
Regional markets will likely move sideways with a bearish view on lack of positive, including the fall of oil prices and global markets yesterday, said market analyst Mahmoud Abo Ziad.
US Brent crude was declined to $51.81 a barrel, while US West Texas Intermediate futures were placed at $50.18 per barrel.
The Q3 financial disclosures are likely to back some markets, including the Saudi bourse that saw some recovery on positive Q3 financials, market analyst economic analyst Nawaf Al-Ajmi.
Investors are likely to decrease their position today, namely in emerging markets like UAE that are still in dire need to stronger stimulating data.
