By: Mahmoud Gamal
Mubasher: The UAE stock markets are expected to witness further purchasing from institutions and foreign investors on Tuesday in line with disclosing financial statements of the fourth quarter, according to analysts.
Foreign traders have been showing strong selective purchases at Dubai Financial Market (DFM) despite volatility, GCC capital market analyst Muhammad Al-Ahmabi said.
The main index of DFM is expected to regain its upward performance, and reach 3,720 points, technical capital market analyst Muhammad Al-Shimmery noted.
Investors will likely focus on increasing positions of good operating stocks, as the remaining companies will disclose their financials in the coming two weeks, he said.
Meanwhile, capital market analyst, Rashad Harb, noted that the UAE stock markets have not yet showed negative performance.
