Dubai – Mubasher: UAE stock markets are forecasted to test significant resistance marks during this week that will likely determine the upcoming general trend, analysts told Mubasher.
The Dubai Financial Market (DFM) will likely target the 3,514 zone at the current stage, said market analyst Nouaf Al-Ajmi, expecting the current jittery performance to continue until major companies disclose their Q3 financials.
The Abu Dhabi Securities Exchange (ADX) is to face an important resistance at 3,480 points, said market analysts Fawzi Abdullah, clarifying that if the market does not hold above the former mark, it will decline to the 4,200 zone.
Investors are advised to cautiously adopt speculations and to wait for certain data confirming either the upturn or downturn over the coming session ahead of Q3 disclosures that will start on Sunday.
