By: Mahmoud Gamal
Dubai – Mubasher: Investors in the UAE markets will be anticipating the results of the rest of the active firms, especially those of the real estate sector, most prominently Emaar and Aldar Properties for the rest of the week, Analysts told Mubasher.
The positive expectations around Emaar's annual results, which are supposed to be disclosed during this week, will highly contribute to absorbing the stock from Arabtec's negative results, Fadi El-Ghattis, CEO of Think Financial Studies (TFS), said.
Dubai Financial Market (DFM) is facing an important support level above 3,630 points and breaking through the 3,680 points is a new sign for traders' entrance, Ramy Al Sedany, technical analyst, told Mubasher.
Moreover, , technical analyst, Mohamed Al Azmy, said that turnover is still the main factor that will confirm the upward trend of the UAE markets in the next sessions.
He added that new purchasing positions will be opened only by changing the liquidity from v=being speculating to investment and the steadiness of the indices above their current resistance levels.
Translated by: Sara Ghali
