Dubai-Mubasher: UAE markets are likely to continue its volatile trend amid anticipations of changes in the global economy and oil markets, analysts told Mubasher.
The markets saw a positive performance as oil prices bounced back on Monday, said Tariq Qaqish, deputy head of asset management at Al Mal Capital in Dubai.
He added that regional and global stocks markets are mainly controlled by global economy and oil prices amid the absence of catalysts.
Qaqish noted that liquidity rise on Monday is not an indicator that investors returned to trade in markets as it may result from speculations.
Some of the stocks declined to attractive levels, especially in the banks sector, according to Qaqish.
