By: Mahmoud Gamal
Mubasher: Investors at the UAE stock markets are anticipating the financial statements of active companies, namely those included in the real estate sector, analysts told Mubasher.
The real estate segment in both DFM and ADX includes 11 listed companies.
If the financials are positive and better than the third quarter of 2015, at least, the UAE markets will be endorsed and pushed to break the current key resistance levels in order to perform strong purchases, capital market analyst Ramy Al-Sidany said.
At a technical level, the analyst said that DFM will face important resistance level above 3,600 points, while breaking the 3,720-point level will be a good indicator for traders.
The UAE stock markets are expected to see positive performance on Wednesday in line with the rise of the majority of global markets, said capital market analyst Bassel Abo-Teima.
