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UAE stocks in need of institutional investments

UAE stocks in need of institutional investments
Traders at Dubai's bourse (Photo credit: Arabianeye - Reuters)

By: Mahmoud Gamal

Dubai – Mubasher: The UAE stock exchanges need a support from long-term institutional investors who should make use of the current prices of blue-chip stocks, analysts told Mubasher.

Major traders are trying to pressure on stocks’ prices before repurchasing them, financial analyst Mohamed Al Azmi said, adding that the second half of Sunday’s trading session saw increased sales.

Continuity of foreign investments is a positive signal despite the markets’ decline over the instability of global stocks, capital market analyst Doaa Maged told Mubasher.

Low liquidity in the UAE markets makes it hard to expect the markets’ trend technically, yet their general performance is still seen bearish, Maged added.

Translated by: Julian Nabil