Dubai – Mubasher: The UAE financial markets are expected to remain stable at the current prices levels through Wednesday session amid the increasing investments of foreign investors and institutions in equities, said Salem EL – Nobary, technical analyst.
“Although DFM benchmark index nears profit taking zone, the foreign investors tend to increase their buying positions which assures that the stocks enjoy strong price earnings ratios,” added EL – Nobary.
The speculations still controls the trading activity as investors awaits the companies’ announcements of their interim financial results, noted the analyst.
DFM benchmark closed up 0.1% or 3.78 points at 3,725.06 points on Tuesday, while ADX benchmark increased 0.1% or 4.62 points to close at 4,668.31 points.
