Gulf and other Arab markets are expected to waver during summer holidays and the advent of the Muslim fasting month of Ramadan, tentatively set to start on Aug. 1.
The regional markets scored modest gains this week as investors appeared upbeat over second quarter earnings and surging oil prices, financial analysts said Friday.
"I think Arab stocks, particularly in the Gulf region, derived momentum this week from semi-annual results and rising crude prices," Wajdi Makhamreh, CEO of the Amman-based Noor Investments brokerage, said.
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