Dubai – Mubasher: Selective purchases for UAE's small and mid-cap stocks are forecast to continue during this week, according to analysts.

Reports on restricting of small and mid-cap firms were the main driver behind traders' increasing appetite for non-blue chips, said market analyst Mohammed Al Shammari, adding that traders were motivated by speculations over better results for small and mid-cap companies.

Financial analyst Nouaf Al-Ajmi expected UAE markets to record gains over the coming period on small and mid-cap stocks as their companies are about to increase budgets by reclaiming a sum of money through either lawsuits or deposits, along with the latest move of merger and acquisition.  

The Dubai Financial Market is likely to test 3400 points, while the Abu Dhabi Securities Exchange is likely to target 4,300 points, said market analyst Hamid Al-Anqary.