GCC stocks likely to attract foreign investors Thursday
Mubasher: GCC markets are likely to continue its upward performance on Thursday thanks to increasing foreign appetite for buying following the recovery of oil prices, according to an analyst.
Market analyst Ali Al-Anzi said regional markets will likely bounce back to the solid performance thanks to the recovery of oil prices as some foreign investment presently tend to build new buying positions on stocks that have a strong accumulation line.
"GCC traders are currently interest in mid-term stocks and some blue chips", Al-Anzi clarified.
Brent crude futures rose 15 cents to $46.56 in Thursday's early trade amid positive reports that OPEC and non-OPEC members are trying to reach a cut production compromise by the end of this month.
