By: Mahmoud Gamal
Dubai – Mubasher: The UAE stock markets are expected to attract new institutional investments on Thursday and next week as some blue chips reached attractive price levels, technical analyst Gamal Mosaed told Mubasher.
Small caps started to see significant trades by some portfolio investors on Wednesday, after DXB Entertainments and Marka rose, Mosaed added.
Gulf sovereign institutional investors were previously targeting to increase their investments in small caps which reached low-priced levels.
Traders are still anticipating the announcement of remaining first-half financials, especially in the real estate sector, Mosaed added.
Foreign portfolio investors are expected to increase their investments in UAE stocks, amid the current correction seen in the US and European stocks, according to technical analyst Badr Al Otaibi.
Translated by: Julian Nabil
