By: Mahmoud Gamal
Dubai-Mubasher: The UAE equity markets are expected to continue their bullish performance on Monday amid the oil price rise and speculations on stocks, especially blue chips which reached low price levels and thus will likely see active trading by portfolios, Amir Mansour, analyst, told Mubasher.
The local equities are supported by UAE companies’ positive financial results and heavy purchases, said capital market analyst Faisal Boushahri.
Boushahri added that the financials will mitigate the effect of global markets’ fluctuations on UAE stocks.
Translated by: Julian Nabil
