السبت، 22 سبتمبر 2012

Analysts: UAE stocks headed for more gains

Analysts Financial to continue to market indices local wave rise in the coming weeks with strong incentives lead wave height, confirming the ability of markets to break barriers forming new before the end of the year, with anticipation entry liquidity, and the return of foreign investment in the light of the wave of optimism that began dominating the market Local conjunction with the improvement in the global markets.

Those predicted in speaking to the newspaper "Union" the UAE, declare that public shareholding companies for a good profit during the third quarter quarters of the year, bringing the investors' confidence in the markets and pushing a new wave of them to the trend to invest in the markets.
The benchmark UAE financial market by 0.63% during trading last week to close at 2542.91 points compared with 2525.97 points last weekend, to reap the local stock weekly gain of $ 2.36 billion dirhams due to high Dubai Financial Market 2.05% and the Abu Dhabi Securities 0.23% .

They predicted that the witness this week's trading activity with the imminent announcement of the financial statements of the companies, especially as indicators succeeded in maintaining the gains over the past two weeks, and a close above the resistance points that infiltrated earlier.

For his part, sees Wael Abu Muheisen, director of Al Ansari Financial Services, the local stock markets will see a wave of strong rise during the next three months, noting that the success indicators of domestic markets to maintain their gains during the hearings last and stay above points resistance infiltrated previously considered a positive indication of the trend upward.

Abu Muheisen added that all current indications are positive, what supports the continuation of stock in the rally, noting that the results of the public companies are expected to maintain the positive aspects, in addition to the improvement in global markets and expectations of the return of foreign investment, which would support the stimulation process.

It is expected Marwan syrup, Deputy CEO of Gulfmena Alternative Investments, that the markets could see a wave of purchasing the end of September the current through the beginning of October, kept announcement corporate results for the third quarter, indicating that expectations about the results of the third quarter is positive, and will support market activity coming period.

And linking drink improved performance of equity markets with a wave similar in global markets, in the wake of positive developments on the European crisis and the Bank of the U.S. Federal Reserve launched a third wave of fiscal stimulus, which was followed by the Bank of Japan raise the value of the asset purchase program by nearly $ 126 billion, to support growth and keep the risk of deflation for the world's third largest economy.

He added that what the market is witnessing profit-taking selling and volatility during the current phase is the correct natural waves occur after each stage of the gains experienced by the markets.

For his part, said Khaldoun Jaradat, director of trading at brokerage house, said investors expect strong results for major companies and banks, especially in light of the clear growth of the volume of bank loans, according to the UAE Central Bank announced recently.

Jaradat said that a dose of optimism prevails among investors, driven by positive news affecting the real estate sector in Abu Dhabi and Dubai, most notably the return of Emaar Properties to announce a huge project during the past week.

According to Abdullah Al-Hosni, CEO of Emirates NBD Securities, real estate boom witnessed by the shares in the two markets have led to positive movement of local market indices during the week.

According Hosani, the decision to compel employees of government departments in the emirate housing within the city, gave investors positive signals activate the demand for real estate in the coming period.

Jaradat expected to announce that many of the major companies listed on the two markets for strong results for its third quarter, especially after the latest round helped to print money from the Federal Reserve (the U.S. central bank) to raise asset prices around the world.

The Jaradat that rises on the horizon, especially in light improved volumes and values ​​of trading in sessions that ended up markets, while the liquidity is low at the meetings that fall where markets, which means that investors' willingness to liquidate their shares well below their desires purchasing case improved atmosphere and increased confidence with a frequency of more positive news.

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