Expectations that the Gulf markets face significant events in the fourth quarter of 2016

Views 43 04/10/2016

A report issued by the National Bank of Kuwait, said on Tuesday that the Gulf markets face many important events in the fourth quarter of 2016.

The report said, who briefed "live" on the version, the most prominent of those events that will face continued market central banks and the American presidential elections and the movements of a meeting of the Organization of Petroleum Exporting from the alleged contract in November.

The report pointed out, that the markets waiting for the Fed meeting in December and will result in a raise in interest rates by 25 basis points, according to expectations.

The report pointed out that the markets will remain in the Gulf States is looking forward to the continued commitment of their governments spending plans for fiscal reform in the coming years.

According to the report, the price of oil will continue to be a key factor under the eyes of the region's markets, indicating that investors focus will be on companies currently the third-quarter earnings in the coming weeks.

The report indicated that the GCC stock markets with the exception of the Saudi market continued to recover in the third quarter of the year 2016 in line with the performance of global markets and the stability of oil prices.

The market value of the markets of the Gulf Cooperation Council 846 billion dinars at the end of the quarter registered a loss solutions worth 31 billion dinars in the third quarter of 2016, according to the report.