By: Mahmoud Gamal
Mubasher: The GCC stock markets are expected to continue their positive performance on Sunday, in line with the recovery of both oil prices and global markets as well as the approach of Eid Al-Fitr holiday, analysts told Mubasher.
The risky investors’ appetite for purchasing assets will increase the foreign investment portfolios to build more positions through operating shares, as the announcements of Q2 financials are getting closer, said capital market analyst Mohamed Al-Shimiry.
Sunday’s session will rely on positive rapid speculations which may push the GCC indices to continue rising, as traders will begin the profit taking on Monday, said capital market analyst Al-Dhufairy.
Translated by: Ingy ElSafy
