By: Mahmoud Gamal
Dubai-Mubasher: The UAE markets are expected to continue their mixed performance on Tuesday as some stocks reached their targeted levels, analysts told Mubasher.
The general index of Abu Dhabi market is likely to rise to 4,400 and 4,410 points in a row, amid investors’ tendency to build positions in attractive blue chips like Aldar Properties and Etisalat, capital market analyst Hareb Omar said.
Dubai market’s main gauge is likely to continue its decline to 3,400 and 3,390 points respectively, Omar said.
Some stocks like Dubai Islamic Bank (DIB), Damac Properties, Air Arabia and Aldar Properties are expected to see a positive performance as their dividend payout date nears, Omar explained.
The liquidity decline in local markets is attributed to dissatisfaction of stockholders with the stocks’ current prices, Omar added.
On another note, UAE markets analyst Salam Saeed said that Dubai market’s main index will see selling pressures on Tuesday.
The DFMGI will not manage to break 3,440 points until liquidity not less than AED 1.5 billion flows into leading stocks, especially Emaar Properties and DIB.
