By: Mahmoud Gamal

Dubai – Mubasher: The UAE markets are supported by selective purchases of blue chip and mid-cap stocks, with expectations to continue their rise on Thursday amid improvement of liquidity and investors’ sentiment, analysts told Mubasher.

The bourses are expected to continue their sideways-to-bullish performance on Thursday, amid accumulation of mid-cap stocks by some portfolio investors, market analyst Hassan Al Zawi told Mubasher.

Purchases of some small-cap stocks pushed the markets to end Wednesday in the green zone, Al Zawi added.

The bourses regained investors’ confidence on Wednesday due to the rise of turnover along with the end of the first-quarter financial disclosure period, technical analyst Mohammed Al Shammari said.

The markets are expected to see profit-taking by speculators in the coming sessions to utilise some stocks, especially of the companies which posted positive quarterly results, Al Shammari added.

Translated by: Julian Nabil