Dubai – Mubasher: The Gulf stock markets are still trading at prices levels that may push them towards profit taking on Wedensday, said Mahmoud Abo Zaid, technical analyst.
The investors abstain from injecting more funds in the markets as they await the speech of US president Donald Trump where he will outline his economic plan, noted Abo Zaid.
“The markets will test major levels as they nears new rebounding technical zone,” said the analyst.
“The portfolio managers will tend to increase their positions in the operating stocks as the companies nears announcing their interim financial results,” added Abo Zaid.
