Dubai-Mubasher: The UAE stock markets are expected to see an upward trend on Sunday, amid recovering oil and global markets, analysts told Mubasher.
Brent crude grew 0.8% to $45.37 per barrel, while the U.S. crude advanced 0.7% to $44.66 per barrel.
The UAE markets are technically seen positive after absorbing profit-taking in the previous sessions, market analyst Tarek Al Essawy told Mubasher.
He advised investors to sell if stocks rebound, till Dubai’s main index stabilises above 3,600 points
Dubai’s stock market is likely to break 3,380 points on Sunday, analyst Ahmed Al-Zahouri noted.
The market will be mainly backed by blue chips, especially Emaar Properties and Arabtec Holding which target AED 6.60 and AED 1.53 respectively, Al-Zahouri added.
