By: Mahmoud Gamal

Mubasher: Institutional and foreign liquidity were directed towards small and medium stocks in the Saudi stock Exchange (Tadawul) and Boursa Kuwait, which increased them on Monday, Analysts told Mubasher.

Analysts expected that most of the GCC markets would continue in their mixed performance on Tuesday, while global stocks returned to record standard levels.

The companies' results and dividends recommendations pressed on the UAE markets' performance on Monday, especially Arabtec and Eshraq that came negative with a lot of losses, technical analyst, Hussein Al Zawy, told Mubasher.

He added that some portfolios withdrew their liquidity from the UAE markets to Tadawul and Boursa Kuwait, for the increased investment opportunities there.

Al Zawy noted that the rise of Tadawul's main index to above 7,000 points will qualify it to go up to 7,120 – 7,120 points.

Moreover, technical analyst, Hamoud Al Azmy, said that the fluctuation in the trading levels in the GCC markets on Monday indicates technical horizontal factors.

He added that the markets will continue to go up and down naturally in the coming period till the completion of the companies' financial results' announcements for the fourth quarter.

Tadawul increased 0.5% to 7,060  points, Dubai Financial Market (DFM) fell 1.8% to 3,638 points, while Abu Dhabi Exchange (ADX) shed 0.1% to 4,564 points.

The Qatar Exchange went up 0.1% to 1,0671 points.

The Kuwait Stock Exchange (KSE) levelled up 1.1% to 6,657 points, the Muscat Securities Market (MSM) shed 0.06% to 5,815 points, while the Bahrain Bourse lost 0.1% to reach 1,308 points.

Translated by: Sara Ghali