By: Mahmoud Gamal
Dubai-Mubasher: The UAE stock markets strongly need new liquidity to be pumped in Thursday’s trading session in order to break the current resistance levels, amid the speculative trend and falling oil prices, analysts told Mubasher.
The UAE markets are approaching key resistance levels, while indices are marginally rising by the end of this week, said capital market analyst Talal Al-Ajami.
Meanwhile, the postponement of listing Chinese stocks in emerging markets will positively reflect on the UAE markets on Thursday, said technical analyst Mohamed Al-Azmi.
The benchmark index of Dubai Financial market (DFM) technically indicates to a positive performance as well as the approach of the level 3,340 points, technical analyst Mohamed Al-Ka’bi said. He noted that the main index of Abu Dhabi Securities Exchange (ADX) may target 4,360 points on Thursday.
Translated by: Ingy ElSafy
