By: Mahmoud Gamal
Abu Dhabi – Mubasher: Traders in UAE markets are still worried after the negative results of some real estate companies, led by Arabtec and Drake and Scull.
The Abu Dhabi Securities Exchange (ADX) ended Tuesday in the green with direct support from the telecom sector, while the Dubai Financial Market (DFM) fell on the back of the leading stocks.
Technical analyst Mohamed Al Azmy said that the worries are being reflected on the market's liquidity which force traders to repeat profit gains on limited price margins.
CEO of Think Financial Studies Fadi El Ghattis said that the declines seen in the trades of UAE markets lately confirm the absence of investments in local stocks.
He added that the DFM is qualified to reach the support level at 3,500 points on Wednesday, but leaving its previous level will push it backwards to 3,200 points.
