By: Mahmoud Gamal
Abu Dhabi – Mubasher: Analysts expected that UAE markets are likely to continue in their fluctuating performance that tends to rise in this week's trades, while new liquidity will be injected.
The main index of the Abu Dhabi Securities Exchange (ADX) rose 2.77% in last week's trades, while the benchmark index of Dubai Financial Market rose by 1.63%.
The UAE markets are expected to keep their positive performance this week, amid the new distributions which will encourage traders to increase liquidity on stocks of operating performance, technical analyst, Gamal Agag, told Mubasher.
Mohamed Al Azmy, technical analyst, said that any decline that would happen in the UAE markets at the beginning of the week would open the chance for new purchasing positions.
He added that foreign portfolios tend to the UAE markets, amid the correction period of the indices of the American and European markets.
Al Azmy noted that DFM targets levels between 4,000-4,700 points on the medium level.
Translated by: Sara Ghali
