By: Mahmoud Gamal

Mubasher: The majority of the Gulf stock markets are expected to continue their upward volatile performance on Tuesday after oil prices rose in line with convincing both Libya and Nigeria to limit their oil output, analysts told Mubasher.

Any decline in GCC stocks, namely in blue chips, will create good chances for purchasing at low levels, capital market analyst Muhammad Saeed said.

Members of the Organization of Petroleum Exporting Countries (OPEC) and other producers held a meeting on Monday and recommended extending oil production after the first quarter of 2018, which may help oil prices to rise, positively affecting the GCC markets.

Gulf investors registered positive transactions as leading stocks have reached attractive levels, capital market analyst Amir Al Mansour told Mubasher.