By: Mahmoud Gamal
Mubasher: The GCC stock exchanges are expected to see more gains until the rest of this week, following the agreement between Saudi Arabia and Russia to limit oil production, analyst told Mubasher.
Oil markets are likely to see further purchases following a coming decision over oil output, capital market Amir Al-Mansour said.
Small caps are forecast to see strong speculative blocks in the coming session as investors are being positively affected by the eight-month high performance of European stocks, the analyst added.
A number of investment portfolios took advantage of the falling markets to purchase blue chips at low levels, capital market analyst Muhammad Al-Shimry noted.
Some traders prefer to stay off the markets before Eid Al-Adha holiday, he added.
Translated by: Ingy ElSafy
