By: Mahmoud Gamal
Dubai-Mubasher: The UAE stock markets are expected to maintain their uptrend on Thursday amid increasing positions in some attractive stocks, technical analyst Ibrahim Al-Failakawi told Mubasher.
The UAE main indexes see resistance levels which are technically important for the markets to continue rising, Arab markets analyst Hashim Al-Fahmawi said.
Dubai market’s liquidity is expected to grow to AED 2-3.5 billion in the coming sessions, Al-Fahmawi added.
Dubai market has witnessed good liquidity, showing that portfolio investors await opportunities to increase their positions in stocks with good solvency, capital market analyst Gamal Abdel Hamid explained.
The DFMGI is likely to stabilise at the support level of 3,222 points and target its resistance at 3,421 point-level amid the rise of global markets, Abdel Hamid added.
