By: Mahmoud Gamal

Abu Dhabi – Mubasher: The UAE markets are still suffering from uncertainty, looking for new stimuli, after the US Federal Reserve's decision to raise the interest rate and the end of the companies' financial results season, according to analysts.

The Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) closed Sunday in red, on the back of the leading stocks.

Technical analyst Wessam Azhary told Mubasher that the concern between investors is being reflected on the markets' liquidity, noting that the continuation of declines in the turnover urges traders to repeat profit-gaining on limited price margins.

Moreover, technical analyst Hassan Al Zawy said that the retreat in trades in the UAE markets assures the absence of the investment entrance in local stocks.

The analyst added that the DFM is currently qualified to reach the resistance level of 3,510 points on Monday.

Al Zawy noted that if the index did not rise to the previous hike, it will extend its losses to 3,200 points.