By: Mahmoud Gamal
Mubasher: Investors are expected to continue their anticipation toward stocks at the UAE markets as leading companies have not yet announced the financial statements of the fourth quarter, according to capital market analysts.
The financial results of Q4 may be unpleasant to traders as half of the period set for disclosing the financials has passed, technical analyst Amin Al-Hennawy noted.
He clarified that the current technical inputs indicate to a downward performance during this week until leading companies disclose their financials.
The benchmark index of Dubai Financial Market (DFM) my target key support levels at 3,500 and 3,490 points from which the index will be expected to fall to 3,300 points, Al-Hennawy added.
