Dubai-Mubasher: The UAE markets are expected to see fluctuations on Sunday amid anticipations for the annual financials, in addition to the geopolitical developments and declining oil prices.
Abu Dhabi Securities Exchange (ADX) sagged on Thursday, dropping most in six months, as most major sectors were in red.
Dubai Financial Market pulled back on Thursday, dropping most in the last seven weeks, as it tracked global stock markets that showed negative performance.
The markets’ negative performance last week is mainly attributed to selling pressures and geopolitical developments in the region, said Talal Al Khouri, Chairman of Al Awael Holdings.
The markets, especially DFM, are affected by unstable foreign markets and investors’ anticipations for the companies’ financials for the fiscal year 2015.
