By: Mahmoud Gamal
Mubasher: Investors at the Gulf stock markets should focus on creating new purchasing positions during this week in line with the announcement of financial statements and dividends, analysts told Mubasher.
The Saudi Stock Exchange (Tadawul) has started an upward performance in the past week, with expectations to face and break the 7,200-points level in order to see higher gains and increasing liquidity, capital market analyst Ibrahim Al-Filkawy said.
Tadawul’s main index is projected to target 8,100 points and 8,400 points on the medium-term, the analyst noted.
Meanwhile, the main index of Qatar Stock Exchange (QSE) may fall to 10,900 points, Al-Filkawy noted.
Muscat Securities Market’s (MSM) benchmark index is foreseen to rise to 5,800 points during the week.
Technical analyst, Muhammad Al-Azmi, expected foreign investments to increase in January as financial statements and dividends are disclosed.
