By: Mahmoud Gamal
Dubai- Mubasher: Investors at the UAE stock markets should take good advantage of the current profit-taking trend in order to build new purchasing positions on Tuesday, analysts told Mubasher.
The current levels some of the blue chips have reached seem attractive for further purchasing, despite the downward performance, capital market analyst Basel Abu Teima said.
Foreign portfolio investors have returned to trade, pushing the markets to positivity and an upward performance that may last until May, the analyst noted.
Meanwhile, capital market analyst Muhammad Al-Shimmery noted that the current volatility seen at the UAE stock markets is expected and comes in line with the absence of catalysts which push the shares to rise.
At a technical level, the benchmark index of Dubai Financial Market (DFM) is expected to approach the levels between 3,680 and 3,700 points, Al-Shimmery added.
