GCC traders likely to build new positions on Q3 financials - Analysts

Mubasher: GCC traders are forecast to increase their positions during this trading week amid the disclosure of Q3 financials, analysts told Mubasher.

Market analyst Ahmed Aql said "with every financial disclosure season, traders start changing or building position as the investment scene gets clear enough to take an investment decision.

Market analyst Ibrahim Al-Failakawi assured the markets saw no new money pumped over the past sessions, which assured the foggy trading scene that does not allow traders to take sound decisions.

Investors are advised to cautiously take their investment decisions and to select strongly solvent stocks, Hamoud Al-Azmi concluded. 

MUBASHER Contribution Time: 30-Oct-2016 05:34 (GMT)
MUBASHER Last Update Time: 30-Oct-2016 05:35 (GMT)