By: Mahmoud Gamal
Mubasher: Selective purchasing transactions are expected to push UAE stock markets to hold and slightly rise on Thursday, despite the decline in oil prices and the mixed performance of the global markets, according to analysts.
In spite of the current volatility seen at the UAE markets, there are still good investment opportunities being traded at attractive levels, capital market analyst Muhammad Mansour said.
The majority of traders prefer to keep cash in the current time, considering the markets will be calm in the coming period, technical analyst Ahmad Al-Samer said.
The UAE stock markets are witnessing very weak levels of indices and liquidity, as a result of the absence of institutional investment, capital market analyst Muhammad Al-Anzi said.
