By: Mahmoud Gamal
Dubai-Mubasher: The UAE stock markets are expected to continue their speculative performance on Wednesday as well as creating some new positions in some selective shares, analysts told Mubasher.
Dubai Financial Market’s (DFM) benchmark index has broken a key resistance level at 3,415 points through high liquidity that allow the upward performance to continue, said technical analyst Ahmad Al-Emadi.
He added that the benchmark index of Abu Dhabi Securities Exchange (ADX) will target 4,580 points after it has exceeded 4,500 points.
Foreign investors tend to create new purchase positions which showed a cumulative power, said Modamad Al-Anzi.
Traders of local shares are interested in purchasing medium stocks as well as blue chips, the analyst added.
Translated by: Ingy ElSafy
