By Mahmoud Gamal

Dubai – Mubasher: UAE stock markets are expected to deliver a positive performance on Thursday amid the recovery of oil prices and ahead of the Q3 financials, analysts told Mubasher.

This positive trend will likely be backed by foreign investors and institutions' appetite for selectively building more positions on stocks, operational ones in particular, that reached attractive quotes during the comming two weeks, said market analysts Mohamed Al-Ahbabi and Mohamed Al-Shmri.

The Dubai Financial Market (DFM) is likely to re-hold above 3,500 points, which will confirm the upward trend over the coming sessions, Al-Shmri indicated.

Traders are still advised to wait for a confirmatory indicator that the outlook is stable, market analyst Mohamed Al-Harbi concluded.