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GCC markets need liquidity to recover – Analysts

GCC markets need liquidity to recover – Analysts
Photo Credit: Arabianeye-Reuters

By: Mahmoud Gamal

Mubasher: Shares at the Gulf stock markets are in need for new liquidity to revive on Wednesday in order to break key resistance levels amid the current speculative trend and mixed oil prices, according to capital market analysts.

At a technical level, the key resistance levels are 7,200 points for Tadawul, 3,720 points for DFM, 4,600 points for ADX, and 11,000 for the Qatari market, said technical analyst Hamed Al-Anqari.

The GCC markets may witness strategic changes across the investment funds until the end of this week, capital market analyst Hammoud Al-Shimmery said.