Global issues expected to remain a drag on GCC markets
19 June 2022 | Admin
The Week Ahead - Regional Markets
As global equity markets registered another week of sell-off, the clouds of uncertainty darken over economic and market growth prospects. In addition, the aggressive interest rate hikes undertaken by several nations to contain runaway inflation might continue to haunt equity markets, as it would increase hardships for corporate and consumers already grappling with high commodity inflation. Meanwhile, in corporate activity, NBQ, Al Anwar Investment, Alhasoob Trading, and Al Hammadi will seek shareholders' approval on dividend and bonus shares distribution. Separately, Jazeera Airways' BoD would meet to discuss amendments to the aircraft purchase agreement with Airbus.