By: Mahmoud Gamal

Dubai- Mubasher: The UAE stock markets are expected to see a stable performance over the remaining trading sessions of January, bolstered by optimism about the country’s economy, firms’ financial results and dividends distribution, in line with geopolitical changes in the region.

The UAE bourses are slowing down financial, waiting for new market-boosting catalysts, analyst at Menacorp Financial Services Essam Kassabia told Mubasher.

The country’s powerful economy and firms’ annual financial statements will support the indices of the Emirati bourses to test significant levels, Kassabia said.

The analyst added that the unstable political situation and the decline in oil prices are likely to impact trades on the UAE stock markets.

Moreover, technical analyst Gamal Abdul Hamid said that the indices of the bourses are projected to maintain the positive trend.

The Dubai Financial Market general index (DFMGI) may test 3,505 and 3,526 points if it breaks above 3,481 points to target 3,667 points.

Translated by: Mai Ezz El-Din