By: Mahmoud Gamal
Dubai – Mubasher: The UAE general indexes are likely to see important resistance levels, in line with rising oil prices, capital market analyst Nawaf Al-Ajmi told Mubasher.
Dubai's key gauge, the DFMGI, will test an important resistance at 3,580 points, Al-Ajmi noted.
Closure of the market above 3,550 points on last Thursday will push the main index to maintain its uptrend to test the level of 3,600 points, the analyst said.
The UAE bourses saw higher liquidity inflows following news on new mergers and acquisitions, Al-Ajmi explained.
The Abu Dhabi’s main index will fall to 4,460 points if it does not move above its key resistance at 4,530 points, according to analyst Badr Draz.
Translated by: Julian Nabil
