By: Mahmoud Gamal

Mubasher: The GCC stock markets need liquidity to be pumped in Monday’s trading session so indices can break key resistance levels amid the current speculative performance, analysts told Mubasher.

Stock exchanges in the region are anticipating the oil prices trend during this week and whether it may remain above $50 a barrel, capital market analyst Muhannad Orykat said.

Leading companies in the region will disclose  their Q3 financial statements, causing anticipation amid stock investors, the analyst added.

Tadawul is facing a key level at 5,800 points, while both DFM and ADX target 3,400 and 4,330 points respectively, technical analyst Hamed Al-Ankary said.

The GCC stock markets may witness strategic exchanges among investment funds, while investors will focus on stocks that have reached promising levels of purchase, capital market analyst Hamoud Al-Shimmery said.

Translated by: Ingy ElSafy