By: Mahmoud Gamal
Dubai – Mubasher: A speculative performance is expected to continue on Wednesday in the UAE stock exchanges, in addition to creating new positions of selective stocks, analysts told Mubasher.
An upward volatile performance is forecast to continue in Dubai Financial Market (DFM) of which index has not broken the resistance at 3,580 points, technical analyst Ahmad Al-Emadi said.
Al-Emadi added that the main index of Adu Dhabi Securities Exchange (ADX) is targeting the level 4,530 points after it broke 4,500 points.
Traders are currently focusing on purchasing medium shares and blue chips, while foreign investors tend to create new purchasing positions via UAE stocks, capital market analyst Muhammad Al-Annzi said.
Translated by: Ingy ElSafy
