Saudi Arabia's stock market finished higher on Sunday, ending two sessions of losses, while the Egyptian bourse extended losses on rising inflation.
its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council downwards to 3.2% in its latest update released on Thursday, from 3.7% forecast in October.Outside the Gulf, Egypt's blue-chip indexAccording to Negm, the Egyptian bourse could record more losses as the country continues to see financial and inflationary pressures.
"At the same time, international investors could maintain their selling trend as the appetite for risk decreases." is set to hit an all-time high in March, a Reuters poll showed on Thursday, following a continued shortage of foreign currency after more than a year of devaluations of the Egyptian pound.
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