By Mahmoud Gamal
Mubasher: GCC stock markets are forecasted to get more jittery on Monday, while investors are watching out for oil prices as non-OPEC producers have taken no tangible steps yet to join OPEC in curbing oil output levels, according to analysts.
Traders are waiting for this week's latest updates on oil prices, the mainline in GCC trading activities, said market analysts Hamed Al Anqri and Ramy Azaam.
As US election is getting closer, foreign liquidity is expected to decline in the markets, which will likely create sideways movements until the end of October, Al Anqri added.
Meanwhile, Azzaam anticipated this shaky performance to continue until the end of Q3 disclosures' season, which will likely be a negative turning point for stock investments in the region amid weaker Q3 results.
