By: Mahmoud Gamal
Dubai – Mubasher: The UAE stock markets are expected to see further recovery on Thursday, despite lower oil prices and volatile global stocks, analysts told Mubasher.
The bourses are likely to continue their upward performance on the back of portfolio investors’ selective purchases of blue chips, capital market analyst Mohamed Mansour told Mubasher.
The markets still have good investment opportunities as they are trading at attractive levels compared to their peers, Mansour noted.
Positive influence in the UAE exchanges created by new mergers and acquisitions is expected to push up buying momentum, capital market analyst Ahmed Al Samer said in a statement to Mubasher.
A large number of investors prefers to keep their cash in the current period, waiting for the markets to give a good entry signal, Al Samer explained.
