Stocks markets in the GCC countries ended in positive note Wednesday, except Bahrain’s.
In Saudi Arabia, the index ticked up 0.08 percent to 7,178 points as investors hesitated to increase risk ahead of the weekend due to uncertainty on the global front.
“We’re still being driven by sentiment from Europe and the US and unless we see something positive coming out of there, it’s getting difficult to see a rally in the short-term,” said Muhammad Faisal Potrik, research analyst at Riyad Capital.
“Even with earnings season almost starting, we haven’t seen a major push in the market - the drag could be from the global news flow.”
Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130404159801
In Saudi Arabia, the index ticked up 0.08 percent to 7,178 points as investors hesitated to increase risk ahead of the weekend due to uncertainty on the global front.
“We’re still being driven by sentiment from Europe and the US and unless we see something positive coming out of there, it’s getting difficult to see a rally in the short-term,” said Muhammad Faisal Potrik, research analyst at Riyad Capital.
“Even with earnings season almost starting, we haven’t seen a major push in the market - the drag could be from the global news flow.”
Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130404159801
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