By Mahmoud Gamal

Dubai - Mubasher: Traders on UAE stock markets are likely to extend their profit-taking wave on Monday amid a significant lack of liquidity, analysts told Mubasher.

UAE stocks are likely to be pressured Monday by more internal factors, including low liquidity and increasing speculations on blue-chip stocks, said Ahmed Abd Aljalil, financial analyst at Active Traders

Economic analyst Ahmed Ali said the markets are likely to see a calm trading day with low volumes and focus on selective stocks as traders are watching out for the opening of world markets and the two-day OPEC meeting that will commence today.

The Dubai Financial Market (DFM) will likely test an important support area at 3,495 points, Ali indicated, clarifying that the comfort zone for DFM will not be confirmed unless the general index steadies above 3,500 points over the coming sessions.