By: Mahmoud Gamal
Mubasher: Portfolio investments at the UAE stock markets have directed their trading to banks on Sunday, endorsing the indices to be positive, according to analysts.
The UAE markets are expected to see sideways upward performance on Monday, analysts told Mubasher.
The majority of blue chips at the UAE markets may witness further cautious purchasing on Monday, capital market analyst Hareb Omar said.
The benchmark index of Dubai Financial Market (DFM) is expected to rise to 3,680 points from which it can break above 3,720 points, technical capital market analyst Dayem Sultan noted.
He warned traders from the control of selling transactions, once the index break the 3,630-point level.
