By: Mahmoud Gamal
Dubai- Mubasher: The UAE stock markets are expected to see more purchases by foreign and institutional investors despite the weak performance of global markets, analysts told Mubasher.
The majority of blue chips are foreseen to see further selective purchases during Wednesday’s trading session, after they have reached attractive prices, capital market analyst Muhannad Oreykat said.
Dubai Financial Market (DFM) is heading toward an upward performance while keeping the key support level of 3,660 points, the analyst said, adding that the main index of DFM is expected to break the 3,672-point level on Wednesday.
Low stock prices will encourage investors to pump further liquidity into the UAE markets in line with the rising oil prices, he noted.
