Dubai – Mubasher: The stocks listed on Dubai Financial Market (DFM) are expected to extend their upside trend through this week’s trades, Mohamed ELShemery, technical analyst told Mubasher.
“DFM is expected to show more positive performance this week amid the rebound of the market liquidity and the recovery of the oil prices,” added ELShemery.
The news about a potential merge between Abu Dhabi Commercial Bank (ADCB) and Union National Bank has boosted the market liquidity through last week’s trades, noted the analyst.
The non – leading stocks like Gulf Finance House (GFH) played a major role in enhancing the market liquidity during last week late trades, said ELShemery.
