By: Mahmoud Gamal

Mubasher: The indices of the Gulf markets are expected to see major resistance levels on Monday in line with the decline of oil prices which affect the markets, analysts told Mubasher.

The main influences of the GCC markets until the end of this month will be determined by any statements regarding the US’s relation with leading countries as well as implementing the OPEC agreement, technical analyst Muhammad Radwan said.

The GCC stock markets are in need for new liquidity to be pumped in order to change the path into an upward trend, capital market analyst Nawf Adbullah said.

Tadawul’s main index will have a medium-term target between 8,100 and 8,400 points, Radwan noted, adding that Boursa Kuwait is expected to see strong purchases during this week.