By: Mahmoud Gamal
Dubai – Mubasher: The UAE stock markets are expected to continue their positive performance amid higher liquidity and announcement of new projects by some companies during Cityscape Global 2017, analysts told Mubasher
The UAE stocks are likely to see further gains amid investors’ tendency to increase their investments in real estate stocks, Issam Kassabieh, a financial analyst at Menacorp Financial Services
Purchases of real estate stocks will be boosted by new projects announced at Cityscape Global, Kassabieh told Mubasher.
The markets are seeing a significant improvement in liquidity, he noted.
Some stocks led by SHUAA Capital, Union Properties (UP), and Emaar Properties saw a positive performance, Kassabieh said.
The Dubai Financial Market (DFM) is trading below 3,675 points, Hesham Hassan, head of Acumen Securities Brokerage.
In addition, the Abu Dhabi Securities Exchange (ADX) is trading below 4,500 points, and targets to reach 4,400 points, Hassan concluded.
Translated by: Julian Nabil
