By Mahmoud Gamal
Mubasher: GCC stock markets are forecast to keep moving sideways with a bullish view on Wednesday, according to analysts.
Market analyst Adnan Al Delmi said GCC traders, led by foreigners, have started to increase their positions on blue-chip and mid-cap stocks following the beginning of Q3 financial disclosures, namely in the UAE and Qatari bourses.
In addition, GCC traders are likely to show interest today in stocks that their companies have not disclosed financial results yet, capital market analyst Mona Al-Qubaisi indicated, advising minor traders to carefully consider their investment decisions until the general outlook stabilizes.
