Dubai-Mubasher: Indices of the UAE markets are expected to face key resistance points on Monday, which can only be hurdled on liquidity support, analysts told Mubasher.
The markets are projected to keep holding steady on Monday and the rest of the week, amid pressures that can be reasonably interpreted as profit taking given the rebounds seen in previous sessions, said capital markets analyst Waddah Al-Taha.
The benchmark index of Dubai Financial Market (DFM) is expected to target 3,493 points, if stabilised above 3,420 for two sessions, amid a support level of 3,350 points, said analyst at Trades Chamber Company Ahmed Al Amoudi.
