By: Mahmoud Gamal
Mubasher: The UAE stock markets are forecast to regain their volatile upward performance on Monday in line with the positive news over a possible acquisition by SHUAA, as well as the results of Arabtec’s meeting, analysts told Mubasher.
In the coming sessions, the markets are likely to see new liquidity by institutions, technical analyst Jamal Mssaed said.
As positive speculations over Arabtec’s meeting on Sunday are growing, a positive impact would appear in this week’s sessions, the analyst noted.
Any decline seen in the UAE markets will be an opportunity to build new purchasing positions, capital market analyst Badr Al Otaiby said.
The UAE markets are expected to rise, with Dubai Financial Market’s (DFM) main market targeting 3,500 points and 3,560 points in the medium-term, he added.
