By Mahmoud Gamal
Dubai – Mubasher: UAE stock markets are forecast to test significant resistance levels on Sunday in spite of the downturn of word markets, analysts told Mubasher.
The Dubai Financial Market (DFM) presently targets the 3,330-3,375 zone, said Mohamed Al-Housni, expecting the current selling wave to drag the market lower to 3,250 points.
Meanwhile, the Abu Dhabi Securities Exchange (ADX) is likely to test the mark of 4,400 today, said market analysts Fawzy Abdullah, expecting that the market index, if breaking below the former level, to fall to the 4,350 area.
On Thursday, the DFM general index went down 0.22%, or 7.5 points, to reach 3,354.63 point.
The ADX benchmark reached 4,389.60 points after losing 1.94% or 86.72 points, its highest losses in five months.
