By: Mahmoud Gamal

Dubai – Mubasher: The profit taking transactions at the UAE stock markets are expected to be suspended on Wednesday in line with new positive incentives, led by Arabtec’s income statements, which may push investors to pump new liquidity, analysts told Mubasher.

These profit taking transactions are temporary and normal during this period of the year, with the UAE indices facing key resistance levels, the analysts clarified.

Arabtec’s unconfirmed news on social media regarding a positive turn in the company’s financials will push traders to have long-term investments in the UAE markets, capital market analyst Hesham Hussein said.

The UAE markets are forecast to see higher liquidity at the beginning of next week in line with Emaar Properties’ income statements disclosure, he noted.

The main index of the Dubai Financial Market (DFM) may reach the level of 3,740 points if it exceeds the 3,680-point level, deputy head of the investment research unit at KAMCO Raed Diab said.

Meanwhile, more losses are expected to be registered if the benchmark index of the Abu Dhabi Securities Exchange (ADX) does not preserve its level above 4,500 points.