By: Mahmoud Gamal
Dubai – Mubasher: The UAE stock markets are expected to continue their rise on Tuesday and throughout the rest of this week, as investors’ sentiment improved after blue chips reached good price levels following the announcement of their first-half financials.
The markets are still moving within the positive range, in line with continuous disclosures of first-half financials, capital market analyst Wael Muhaisen told Mubasher.
Investors are still waiting for the financial announcement of major companies like Emaar, which is expected to push the markets higher in the coming period, Muhaisen added.
Emaar’s stock is seeing active trades due to a positive outlook for its H1-17 financials, capital market analyst Mohamed Al Azmi noted.
Emaar is expected to break above good price levels as it is preparing to launch the initial public offering (IPO) of its real estate development business by November, Al Azmi said.
Translated by: Julian Nabil
