By: Mahmoud Gamal

Mubasher: The GCC stock markets are expected to rise in the remaining sessions of July, amid the rise of oil prices and beginning of first-half financial announcements, analysts told Mubasher.

Higher oil prices are expected to push the GCC bourses to see a sideways-to-bullish performance on Wednesday, capital market analyst Mohamed Al Azmi said.

Most Gulf stock markets will be positively affected by the rise of UAE's and Kuwait’s bourses, amid increased purchases of selective stocks.

Investors are cautiously anticipating the H1-17 financial disclosures of companies, especially of those listed on the Saudi Stock Exchange (Tadawul), Al Azmi added.

Some investors are expected to build positions in oil stocks, following the rise of oil prices, capital market analyst Faisal Al Mu'ali said.

Traders should make quick speculations on stocks which reached attractive prices, Al Mu'ali noted.

Translated by: Julian Nabil