By: Mahmoud Gamal
Dubai – Mubasher: The UAE stock markets are expected to resume their sideways-to-bullish performance on Tuesday, backed by positive news regarding the settlement of Drake and Scull International’s (DSI) debts along with pumping new liquidity by some institutional investors, analysts told Mubasher.
The bourses will continue to see new institutional investments in the coming sessions as some stocks stand at attractive price levels, technical analyst Gamal Mosaad said.
Portfolio investors are also expected to invest in the UAE markets to make use of some stocks with attractive prices, Mosaad noted.
Some investors tended to make selective purchases of some stocks like Union Properties (UP), the analyst added.
Current liquidity level is still below expectations; thus, leading to a possible decline in stocks amid the lack of new catalysts and absence of some investors, capital market analyst Nawaf Al Otaibi said.
Translated by: Julian Nabil
