لBy Mahmoud Gamal
Dubai – Mubasher: UAE stock markets are in dire need for more liquidity to be pumped on Wednesday so as to break the current key resistance levels, amid a dominant speculative performance as well as the falling oil and global markets, according to analysts.
Market analyst Mohamed Al-Shammri said a real rebound will not occur unless investors strongly put their money back, clarifying that the current existing liquidity is speculative rather than investment in order to capture blue-chip stocks that ticked good buying levels.
The Dubai Financial Market is likely to bounce back and to near the 3,500 zone in the coming sessions, said financial market analyst Hmad Al-Kabi.
Meanwhile, the Abu Dhabi Securities Exchange is anticipated to target the mark of 4,350 points today.