GCC investors focus on banks stocks – Analysts

GCC investors focus on banks stocks – Analysts
Traders at Boursa Kuwait

By: Mahmoud Gamal

Mubasher: The GCC stock markets are expected to continue their rise on Tuesday, amid purchases of blue chips, especially in the banks sector, and the tendency of portfolio investors to improve monthly closings, analysts told Mubasher.

The Saudi- and Kuwait-listed banking stocks are the most attractive, capital market analyst Amr Saleh said.

The banking sector has the strongest financial results, with their stocks standing at attractive price levels, Saleh noted.

The real estate sector is technically holding at its current level and has a positive outlook, he added.

The sector will see active trades next week after the Eid Al Adha holiday, according to Issam Kassabieh, a financial analyst at Menacorp Financial Services.

Translated by: Julian Nabil

Source: Mubasher Exclusive