By: Mahmoud Gamal
Mubasher: Investors in the Gulf stock markets are expected to continue increasing their positions in attractive banks and real estate stocks, in line with the rise of global bourses and oil prices, analysts told Mubasher.
The markets are moving towards the uptrend, amid continuous speculations on some stocks, capital market analyst Wael Muhaisen told Mubasher.
Muhaisen expressed his optimism about the markets’ overall performance in the coming period.
The markets still lack a rise in liquidity; yet, it is expected to recover in the coming session, capital market analyst Daem Sultan said.
Blue chips are expected to see cautious accumulation on Wednesday, Sultan added.
The GCC exchanges will face resistance levels that are technically important throughout the remaining sessions of this week, Sultan concluded.
Translated by: Julian Nabil
