By: Mahmoud Gamal

Mubasher: The GCC stock markets are expected to see a negative performance on Thursday due to the fall of oil prices, amid investors’ tendency to trade on non-oil small caps, analysts told Mubasher.

Oil prices are expected to continue declining until the end of next week; thus, leading traders to exit oil stocks, especially those listed on the Saudi and Kuwaiti bourses, capital market analyst Mahmoud Diab noted.

The possible rise of oil prices above $55 per barrel will have a positive impact on the markets, Diab added.

Investors are anticipating some new catalysts like remaining first-half results, especially of real estate companies, capital market analyst Mohamed Al Azmi said.

Traders should quickly speculate on attractive stocks, capital market analyst Faisal Al Mu'ali recommended.

Translated by: Julian Nabil