By: Mahmoud Gamal
Dubai- Mubasher: Portfolio investors at the UAE stock markets have started to focus on banks’ stocks, pushing the indices to hold again, analysts told Mubasher.
The UAE markets are expected to see a sideways upward performance on Thursday in line with the recovery of oil prices, analysts added.
Emaar stock is still at good levels according to technical analysis, and is expected to continue rising once investors’ sentiments are improved, capital market analyst Muhammad Al-Azmi said.
The majority of blue chips are foreseen to witness more cautious purchasing on Thursday, capital market analyst Hareb Omar said.
The main index of Dubai Financial Market (DFM) is projected to continue its upward trend on Thursday to reach 3,680 points by which breaking, the index may trade above 3,720 points, technical analyst Dayem Sultan said.
