By: Mahmoud Gamal
Dubai – Mubasher: The selective purchasing activity over blue chips portfolios may push the UAE stock markets to see more gains on Monday amid the anticipation for Q3 financials, analysts told Mubasher.
The sideways upward performance is expected to continue today in line with the buying activity that focuses on leading stocks from foreign portfolios, capital market analyst Bassel Al-Akil said.
Negative expectations towards global markets form a key pressure on liquidity to be pumped into the UAE stock exchanges, and then increase, Al-Akil added.
The majority of investors prefer, in the current time, to keep their cash as they are convinced that markets are on their way to settle, capital market analyst Ibrahim Al-Filkawy noted.
Translated by: Ingy ElSafy
