Mubasher: GCC stock markets are likely to keep performing positively this week backed by traders' appetite for building new positions, analysts told Mubasher.
In spite of the corrective profit-taking wave, GCC stocks will likely keep moving upwardly as long as liquidity levels are increasing, said market analyst Basel Abo-Teima.
"The outlook for regional markets is forecast to remain positive as long as liquidity levels are above $600 million", according to the analyst.
This is probably the reason why GCC stocks are regarded good mid-term investments during the upcoming period, namely amid speculations about freezing oil output, Abo-Teima added.
Investors are advised to quickly speculate on their targeted stocks to cut losses incurred over the past few sessions, Faisal Boshary concluded.
