By: Mahmoud Gamal
Mubasher: A mixed performance is projected to be seen at the GCC stock markets on Thursday, in line with the investor’s anticipation for the interest rates decision which will be taken by the Bank of England today at 11:00 GMT as well as the falling oil prices, analysts told Mubasher.
Analysts have expected that the Bank of England would cut interest rates to 0.25%. This decision will push the GCC markets to see more gains despite the oil prices which are considered the key factor for the indices’ movement, said capital market analyst Mohamad Al-Shimiry.
In case of cutting the UK’s interest rates, a positive performance will be reflected on the financial markets, especially in emerging countries, said capital market analyst Mahmoud Abo-Seid.
He noted that Qatar Stock Exchange as well as the UAE market, DFM and ADX, may get the highest benefit from cutting the interest rates as they are listed on MSCI Emerging Market Index.
Translated by: Ingy ElSafy
