GCC Market Analytics: October Seasonality: Market Headwinds

After the across the board market gains in September what can we look forward to in October? Well, based on historical market performance the next couple of months have tended to be the weakest of the year.

The chart below shows the average daily perentage change for each GCC market during each calendar month. As you can see, October and November are the worst performing months of the year.

After September's strong gains it will be interesting to see if the markets can overcome this seasonal tendency.

Enjoy.