Historically, March has been good month for GCC stock markets. However, that was also the case for February but last month definitely didn't conform to historical tendencies.
The chart below shows the average daily percentage change for each GCC market during each calendar month.
As you can see, the average daily percentage change during March has been positive for all markets except Bahrain. However, with the continuing political and social unrest in the region I wouldn't place too much weight in seasonal effects at the moment.
The chart below shows the average daily percentage change for each GCC market during each calendar month.
As you can see, the average daily percentage change during March has been positive for all markets except Bahrain. However, with the continuing political and social unrest in the region I wouldn't place too much weight in seasonal effects at the moment.
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