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UAE bourses to extend gains on H1 results – Analysts

UAE bourses to extend gains on H1 results – Analysts
Most of the UAE listed-banks’ H1-18 financial results are expected to be good

By: Mahmoud Gamal

Dubai – Mubasher: The UAE stock markets are likely to carry on the bull run during Thursday’s trading session on the back of heavy liquidity and further announcement of firms’ financial results for the first half of 2018, analysts told Mubasher.

Additionally, investors are anticipating more information on Emaar Properties’ assets sale, analysts said.

Most of the UAE listed-banks’ H1-18 financial results are expected to be good, however, results of some real estate firms are projected to be below expectations, which will consequently put the indices under pressure, they added.

Investors in the UAE bourses should be informed with more details on Emaar’s assets sale in order to boost selective buying, senior financial analyst at Mena Corp Issam Kassabieh commented.