The region's stock markets are likely to come under selling pressure in the week ahead on negative investor sentiments globally as economic indicators show growth across Europe and the US is slowing down, say analysts.
"I think the regional markets will be affected by the international market movements of last week. European debt is causing panic for investors across the world and investors in the region are going to be affected negatively," Tarek Qaqish, Director of Asset Management at Al Mal Capital, told Gulf News.
"High oil prices will be the main drivers of the region's economy. However, the global economic growth is going to determine the level of oil prices. There's a lot of uncertainty in the market. I think, due to the lower level of foreign participation, the markets in Saudi Arabia and UAE will be facing less selling pressure in the week ahead than the markets in Eqypt and Qatar," Qaqish added.
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