By: Mahmoud Gamal
Dubai-Mubasher: The UAE stock markets are expected to stabilise at their current levels on Wednesday amid the technical correction phase they are currently passing through, analysts told Mubasher.
The general index of Dubai market targets to reach 3,740 points, capital market analyst Badr Al-Durzi said.
The DFMGI will resume its negative performance if it moves below 3,400 points, Al-Durzi added.
The UAE main indexes stand at levels which will set their trend in the coming period, the UAE markets technical analyst Mohammed Al Kaabi.
The benchmark index of Abu Dhabi market will maintain an upward trend if it manages to stay above the important resistance level of 4,592 points, Al Kaabi noted.
