By: Mahmoud Gamal
Mubasher: The Gulf stock markets are expected to see anticipating investors on Sunday in line with the worries from a delay in the disclosure of the second quarter’s financial statements, regardless of the surge in oil prices, analysts told Mubasher.
The GCC stock markets are facing the challenge of attracting more liquidity in the coming sessions to preserve last week’s gains, capital market analyst Mohamad Hussein said.
If the Gulf markets succeed in keeping their current performance above key support levels, this will encourage portfolio and investment funds’ directors to practise the accumulative purchasing policy which focuses on operating stocks, the analyst added.
