Kuwait and Oman's benchmarks make their first gains in four sessions, while Abu Dhabi ends an eight-session
losing streak as improved global sentiment provides a temporary respite for downbeat Gulf bourses.
This close correlation with the international scene means world stocks will likely determine whether Gulf markets can extend gains.
"It's a case of follow the leader," says Julian Bruce, EFG-Hermes' director of institutional equity sales. "If Europe
weakens later in the afternoon, the U.S. comes off a bit and oil goes down again, we'll give it all back again tomorrow."
No comments:
Post a Comment