Dubai – Mubasher: UAE stock markets are anticipated to deliver a negative performance Tuesday on profit-taking, coupled with the re-fall of oil prices and global stocks.
The current marks, at which both UAE markets are standing, refer to a bearish performance during the mid-week trading session amid low market liquidity and tendency for disinclination, said financial market analyst Doaa Farouk.
The analyst expected the Dubai Financial Market (DFM) to test significant resistances, but to decline towards 3,300-280 points.
Meanwhile, the Abu Dhabi Securities Exchange has given so far no clear technical sign for buying, said market analyst Mohamed Al-Harbi, forecasting the mark to slide towards the 4,240-20 zone.
