Dubai-Mubasher: The downward performance is still expected to affect the UAE markets on Thursday, according to capital market analysts.
Both ADX and DFM ended their trading session on Wednesday in the red zone.
The selling transactions will be controlling the markets; thus, the benchmark indexes will continue to decline, said technical analyst Hamoud Al-Azmi.
Te analyst has advised investors in the UAE markets to not perform any purchase transactions until the markets become stable.
The benchmark index of ADX is expected to keep falling as long as it closes below 4,320 points; while the DFM main index is close to the support level of 3,050 points and resistance level at 3,110, said technical analyst Muhannad Erekat.
