By: Mahmoud Gamal
Dubai-Mubasher: The UAE exchanges are technically expected to maintain their positive performance, amid expectations of increasing positions in blue chips, in addition to improvement of global markets, analysts told Mubasher.
Dubai market closed at a level which will support its main gauge to move higher to 3,600 points, capital market analyst Ahmed Al-Zahouri said.
If Dubai market manages to maintain its gains till the end of this week, the DFMGI is likely to break 3,650-3,700 points next week, Al-Zahouri added.
The UAE markets witnessed new liquidity during the last sessions, reflecting the portfolio investors’ desire to increase their positions in local stocks, UAE markets analyst Gamal Abdel Hamid told Mubasher.
Abu Dhabi market’s general index is likely to near 4,650-4,700 points as it moved above 4,600 points on Tuesday, UAE markets analyst Mohammed Al Harbi noted.
