Dubai-Mubasher: The UAE stock markets are projected to keep their positive performance on Thursday, amid expectations investors will strengthen their positions in some blue chips, analysts told Mubasher.
DFM’s benchmark index targets 3,500 and 3,515 points which will allow more liquidity to flow into the market that on back of which it could settle above 3,600 points in the coming week, said capital market analyst Nawaf Al-Ajami.
Dubai’s stock market is expected to attract higher liquidity inflows of between AED 1 billion and AED 3 billion in the coming sessions, said technical analyst Thabet Al-Harbi.
DFM will see resistance level at 3,470 points which will lead to a further resistance at 3,500 points.
