Dubai – Mubasher: The tone of accumulation is likely to dominate the trading activities in the UAE stock markets ahead of Q3 financial disclosures, according to analysts.
Investors, foreigners in particular, are likely to focus on selective purchases of socks that ticked attractive quotes before the third quarter's financial announcements, said market analyst Mohamed Al-Ahbabi, noting that foreigners pumped AED 29.36 million investments yesterday.
The Dubai Financial Market (DFM) is expected to turn up, targeting the 3,420 zone, market analyst Mohamed Al-Shammari indicated.
The Abu Dhabi Securities Exchange (ADX) is likely to trade near the support of 4,350 points, said capital market analyst Raed Diab.
