By: Mahmoud Gamal
Mubasher: The GCC stock markets are expected to see more purchases on Tuesday, with indices likely to break important resistance levels, analysts told Mubasher.
Long-term investors’ sentiment started to improve after global bourses saw high gains, in addition to the stability of oil prices at safe levels, capital market analyst Sultan Al Ahbabi noted.
GCC stocks offer good investment opportunities for foreign portfolio investors, Al Ahbabi added.
The Saudi Stock Exchange (Tadawul) sees an important resistance level at 7,200 points, above which it will rise to 7,400 points.
Commenting on the Dubai Financial Market (DFM), he said that the main index is nearing an important resistance at 3,670 points.
Translated by: Julian Nabil