The Dubai Financial Market (DFM) has been on a steady decline since last October, from 3685 points on a long and arduous journey that may seem justified at some stages in terms of the decline in profits of some companies and the faltering of others and restructuring, while the pace of some declines seemed unacceptable and exaggerated The lack of transparency and the existence of some misbehavior may have contributed to the loss of confidence in the market and the transformation of the institutional investment market into a market dominated by individual portfolios controlled by fast speculators.
 

Despite these constraints, we believe that the market has reached technical areas and price levels that seem attractive to investors and speculators, especially since there are many companies achieving good results, as well as a strong banking sector. With the approaching season of disclosures for the third quarter and improving oil prices, We believe that the Dubai Financial Market could have formed an important bottom at 2727 points and is now in the process of forming the Saa movement. Of his hand and contemplates her success in the current conservative on the bottom and build a balanced rise in the coming period

Technical View 

With the trading today 30 September The general index of the Dubai Financial Market closed its monthly closing at 2834 points to achieve a rise of nearly 100 points from the bottom of 2727 points with these closures monthly and daily note the existence of positive repercussions on technical indicators, we expect the minimum to be in a technical rebound We can test the levels of 3200 - 3090 points with the existing wave diameters that suggest the possibility of returning above the level of 3700 points and 4,000 points, this requires follow-up and consideration of the shape of the next movement and points to be overcome on the road, In the event of bad intentions for the controllers in the market, in any case we believe that there is a positive movement coming so I called the newborn and I think the speculators will use it well, in return any return to allow God to break the levels of 2744 points is currently unexpected can make us expect to form a bottom Between the 2650 - 2626 point and from which we may start the upcoming climb