By: Mahmoud Gamal
Dubai – Mubasher: The UAE markets will experience important resistance levels on Monday, with oil's upward trend, according to analysts.
Dubai Financial Market (DFM) closed last week on a positive level of 3,530 points and will experience an important resistance level at 3,650 points, as breaking through it will lead to targeting 4,200 points, market analyst, Badr Al Dourzi, told Mubasher.
He assured that if DFM closed below 3,200 points, it will be a clear exit signal, advising investors to keep an eye on liquidity, as its increase in time of the decrease of the market's index assures that it is a purchasing liquidity.
The analyst added that the rise of oil and the continuous increase of the US markets will be positive factors to support the AUE markets.
Al Dourzi noted that Abu Dhabi Exchange currently stands at the positive target of 4,600 points and breaking through it will lead to targeting 5,000 points.
Investors better tend to the companies with strong financial solvency, which is expected to make good dividends distributions, as they will control the trades in ADX shares till the end of the year, the analyst said.
Translated by: Sara Ghali
