By: Mahmoud Gamal
Mubasher: The Gulf stock markets are expected to continue trading at profit-taking levels on Wednesday, analysts told Mubasher.
The markets are forecast to decline in line with lower liquidity, following the decline of global markets, capital market analyst Mahmoud Abu Zayd said.
The indices of the GCC stock markets are experiencing key levels, entering new technical rebound levels, the analyst added.
As the announcement of the first quarter’s financial statements approaches, portfolio investments are likely to focus on operating stocks to increase positions, capital market analyst Tareq Ghannam said.
