Dubai – Mubasher: UAE stock markets are likely to register more gains during the last trading session this week as long as traders keep increasing their buying positions, according to analysts.
This upward movement is likely to continue on Thursday, said market analyst Adnan Al-Mohyer, adding that a section of investors still prefers holding their shares to selling them at the current time in order to sell the rallies.
In addition, the majority shareholders in the UAE stock markets are still maintaining their shares and investment positions, he noted.
Market analyst Nouaf Al-Shammri indicated that the present improvement will likely leave a positive impact on Investors, who are still feeling "uncertain" due to the delay of Q3 financials and lack of stimulating data.
Traders are advised to invest in stocks that depend on operating profits ahead of Q3 financial disclosures, market analyst Mohamed Al-Azmi concluded.
