UAE-Mubasher: The UAE stock markets are expected to hold at their current levels amid a volatile trend that has been prevailing lately, analysts told Mubasher.
Dubai Financial Market (DFM) resumed its bearish performance on Sunday amid profit-taking on leading stocks in the banks and real estate sectors.
Abu Dhabi Securities Exchange (ADX) managed to rise for the third session in a row on Sunday, backed by the gains of the energy and banks sectors.
The markets performance remained fluctuated on Monday, said Mahmoud Abou Zeid, financial analyst at Nama Economic Consulting.
There is a state of anxiety that is controlling traders in Gulf markets amid expectations of low cash dividends due to the drop in oil prices and the Federal Reserve decision to raise rates.
