By: Mahmoud Gamal 

Mubasher: Capital market analysts have expected the Gulf stock markets to rise on Thursday, after the US federal on Wednesday kept the interest rate unchanged.

The GCC markets are foreseen to witness strong purchasing performance on Thursday following the correction movement the markets have reached in the past week, capital market analyst Ahmad Abduljalil said.

The benchmark index of Saudi Stock Exchange (Tadawul) is expected to target 7,200 points, capital market analyst Hamed Al-Anqary noted.

Meanwhile, the majority of the GCC stock markets are expected to see key resistance levels, trying to hold at the current technical levels, capital market analyst Mahmoud Abo Zaid said.