1. QUOTE from:
    DFM continues to slip on profit booking
    View quote in context »
    Analysts said the future prospects for market heavyweights looked good and investors could buy on every fall. Munro said: "Led by Emaar, DFM, Aldar, Arabtec and the banks, the index eased further. Arabtec's third-quarter results are due today, we expect slowing quarter-on-quarter figures due to Ramadan and the summer effect on project work, with forecast third-quarter net earnings of Dh193.9m, -4 per cent quarter-on-quarter." Trading turnover eased marginally to Dh999.67m as more than 388 million shares changed hands in 8,773 deals. Full Article at Zawya.com
    Led by Emaar, DFM, Aldar, Arabtec and the banks, the index eased further. Arabtec's third-quarter results are due today, we expect slowing quarter-on-quarter figures due to Ramadan and the summer effect on project work, with forecast third-quarter net earnings of Dh193.9m, -4 per cent quarter-on-quarter.
    SOURCE: Zawya.com 1 month ago
All quotes from:
DFM continues to slip on profit booking
  1. Yesterday saw a huge accumulation in Emaar. The markets undercurrents are still bullish and the index is likely to gallop towards 2570 points on any positive trigger. However, frequent profit booking is anticipated at regular intervals.
    SOURCE: Zawya.com 1 month ago
  2. The DFM general index has met profit taking on its gains, but remains above the critical support levels. The next support level is 2263 and below this we may retest the neckline levels of 2200 on the daily charts.
    SOURCE: Zawya.com 1 month ago
  3. Profit booking continued amid weak global cues ... Institutions have seen selling for two sessions as the Dow Jones has still not stabilised above the 10,000 mark, indicating further weakness on the global markets.
    SOURCE: Zawya.com 1 month ago
  4. If the market remains below the pivot levels of 2297, we could see it move lower until the 2259/2232 supports. Bullishness could be seen above 2297 until the 2324/2362 resistance levels.
    SOURCE: Zawya.com 1 month ago
  5. Negative lead on Asian markets again and oil at $79.25 per barrel impacted the trading sentiment. Overall it was a weaker UAE market yesterday.
    SOURCE: Zawya.com 1 month ago
  6. The support level for the DFM general index is 2225 and resistance levels are 2310/2337 and 2360. In the absence of any positive trigger the market is likely to move in sideways trading in the range of 2300 to 2400. If the index slips to 2200 then the market will turn bearish.
    SOURCE: Zawya.com 1 month ago

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