By: Mahmoud Gamal
Dubai-Mubasher: The UAE stock markets are expected to hold at their current levels on Sunday, amid anticipations of Doha OPEC meeting, capital market analyst Badr Al Druze told Mubasher.
Major oil producers will hold their meeting on Sunday in Doha to discuss plans to freeze oil production.
Fluctuations witnessed by oil and global markets on Friday also show that the UAE local stocks will maintain their current levels, Badr Al Druze added.
The UAE main indexes stand at levels which will set their technical trend in the coming period, Ahmed Al Amoudi, analyst at Trades Chamber Company, said.
On another note, capital market analyst Gamal Abdel Hamid said that the DFMGI is likely to continue its rise to 3,618 points, amid positive trading on real estate stocks led by Emaar Properties, Arabtec Holding and Amlak Finance.
Traders should cautious if selling pressures control Dubai market and its index break below 3,450 points, Abdel Hamid advised.
