By: Mahmoud Gamal
Dubai – Mubasher: The UAE markets are expected to see a positive performance this week, amid expectations that blue chips will improve as annual financial announcements approach, analysts told Mubasher.
The main indexes face resistance levels that are technically important to maintain their uptrend in the coming period, capital market analyst Hamad Al Zaheri said.
In Dubai, the DFMGI index moves in an ascending trend channel and targets 3,750-4,000 points, the analyst added.
Abu Dhabi’s benchmark index targets to reach 4,700 and 4,750 points respectively, Al Zaheri said.
Blue chips will see a positive movement as investors tend to build new positions in stocks which reached attractive price levels, capital market analyst Mohamed Al Saeed.
The banks, telecom and real estate sectors are likely to post higher annual results, capital market analyst Hareb Omar concluded.
Translated by: Julian Nabil
