By: Mahmoud Gamal
Mubasher: GCC stock markets are forecast to hold at their current levels on Thursday’s session in line with the recovery of oil prices and global markets, analysts told Mubasher.
The increase of oil will push investment portfolios to enter the GCC markets again, improving the performance of some GCC indices to rise on Thursday, analyst Ibrahim Al-Filkawy said.
The strong volatility recently seen in the gulf stock markets is due to the quarterly financial results where investors reevaluate the companies and their ability for growth in the current fiscal year, capital market analyst Ghada Adel said.
Translated by: Ingy ElSafy
