By: Mahmoud Gamal
Dubai – Mubasher: The UAE stocks are expected to see new accumulations over this week amid buying tendency by foreign investors, analysts told Mubasher.
Blue chips are forecast to see further accumulation on Tuesday, especially after some positive results were recently announced topped by Emaar Properties which exceeded expectations, said capital market analyst Hareb Omar.
The benchmark index of Dubai Financial Market (DFM) is expected to continue its upward performance to reach 3,530 points which will lead to 3,550 points, said technical analyst Jamal AbdulHamid.
The analyst advised the traders to be cautious in case selling transactions take control over the market and the index breaks 3,450 points.
Translated by: Ingy ElSafy
