By: Mahmoud Gamal
Dubai-Mubasher: The UAE stock markets are likely to see losses on Wednesday amid the decline of oil prices and global markets, in addition to portfolio investors’ caution, analysts told Mubasher.
Global markets' downward trend and oil price drop will bring back portfolio investors’ anticipation and caution, as well as leading to speculative pressures on stocks’ prices, said capital market analyst Amir Mansour.
The UAE indexes’ current levels pave the way for corrections in the coming session, concurrently the pressure of external factors, according to Fady Al-Ghattis, CEO of Think Financial Services
Al-Ghattis noted that Dubai Financial Market (DFM) is currently qualified for correction to reach 2,850 points.
Translated by: Julian Nabil
