By Mahmoud Gamal
Mubasher: GCC equity markets are forecast to see losses on a clear lack of momentums amid investors' tendency for decreasing position and the re-decline of oil prices, according to analysts
Brent crude futures and WTI crude oil slide 0.7% and 0.2% on Monday to respectively stand at $44.43 and $43.32 per barrel.
Regional markets are anticipated to deliver a bearish performance on Tuesday, said market analyst Basel Abo-Teima, describing Monday's gains as a wave "speculative bubble" targeting GCC portfolios.
Traders are likely to avoid risking their funds over the coming period as technical indicators forecast oil prices to fall once again to the $40 zone, Abo-Teima added.
"Quick speculation is the best strategy right now", said market analyst Fouad Darwish to help traders fruitfully trade amid the current unstable scene.
