By: Mahmoud Gamal
Mubasher: Traders at the GCC stock exchanges have focused on both medium shares and penny stocks, on the back of the positive rebounds seen across oil and global markets, analysts told Mubasher.
Analysts have expected the majority of the gulf stocks to continue their upward volatile performance on Monday.
Some of the blue chips were affected by selling pressures, capital market analyst Ghada Adel said.
The majority of foreign investment portfolios hold on to the purchasing path among shares that have reached attractive levels, the analyst added.
The gulf markets tend to hold at their current levels, enhanced by the rising oil prices in line with the investment portfolios’ tendency to increase positions of the stocks, capital market analyst Muhammad Saber noted.
Translated by: Ingy ElSafy
