By: Mahmoud Gamal
Dubai – Mubasher: Long-term investors resumed their purchases of UAE attractive blue chips, analysts told Mubasher.
Most UAE bourses are expected to continue their sideways-to-bullish performance on Wednesday, as institutional investors started to accumulate blue chips before the announcement of the remaining first-half financials, analysts added.
Any decline in stocks, especially in blue chips, will be an attractive opportunity for traders, capital market analyst Mohamed Saeed noted.
Investors are anticipating more first-half financial disclosures of companies like Emaar Properties, Saeed said.
The Dubai Financial Market (DFM) is expected to maintain its current performance, with its main index likely to rise to 3,650-3,700 points on the short-term, capital market analyst Amir Mansour said.
Translated by: Julian Nabil
