By: Mahmoud Gamal
Dubai – Mubasher: The selective purchasing transactions by portfolios of both blue chips and defensive stocks are expected to boost the performance of the UAE stock markets on Tuesday, in line with the improvement of liquidity, analysts told Mubasher.
The UAE stock markets are forecast to continue their upward sideways performance on Tuesday in line with accumulative transactions on blue chips, capital market analyst Hassan Al Zawy said.
Profit-taking has reflected on some stocks, shrinking the gain of the capital markets, capital market analyst Jamal Ajjaj said.
Income statements of some of the companies and banks listed on the UAE markets endorsed the performance of their stocks, Ajjaj said, adding that investors are anticipating for leading companies like Emaar, First Abu Dhabi Bank, and Etisalat to disclose their financial statements.
