By: Mahmoud Gamal
Mubasher: GCC markets tend to achieve gains on Thursday, while global markets tend to record standard levels, which push traders toward risking in stocks, analysts said.
The general performance of the GCC markets is moving in the horizontal track with a rising tendency on the short term, coinciding the achievement of global markets to historical market gains backed by the news of the new mergers, technical analyst, Hisham Saber, told Mubasher.
He added that the markets surpassed the worst phases amid the oil's stability after statements confirmed commitment towards the output cut agreement.
Moreover, technical analyst, Faisal Abu Shahry, said that most of the markets' indices show signs of approaching speculating hikes, advising traders to adopt the rapid speculations to make the best use of this rebound and lower losses recorded in last sessions.
GCC markets are expected to achieve more liquidity on Thursday, especially after the tendency of the foreign institutions towards the Saudi Stock Exchange (Tadawul) which is currently announcing good distributions, market analyst, Ibrahim Al Filkawy, said.
