By: Mahmoud Gamal
Mubasher: The Gulf stock markets on Tuesday are expected to absorb the crisis of Arab nations cutting diplomatic relations with Qatar on Monday, analysts told Mubasher.
The markets are forecast to hold on Tuesday in line with the portfolios’ tendency to increase positions of medium stocks, the analysts said, noting that the majority of the GCC stock markets fell on Monday following the fluctuations in the region.
The majority of the Gulf bourses are expected to test key resistance levels on Tuesday, in line with the effect of Saudi Arabia's, Egypt's, Bahrain's, Libya's, Yemen’s, and the UAE's ties with Qatar, capital market analyst Amr Saber said.
Despite the signs of political tension in the region, the Gulf stock markets still hold good opportunities for the medium- and small-cap stocks, which have been recently attracting a big number of portfolios, capital market analyst Hammoud Al Sheimery said.
Rapid speculations have become the controlling trend of the GCC stock markets, capital market analyst Waddah Al Taha said.
