Dubai Financial Market ended the trading session for the month of October Wednesday at the level of 2784 points, with a volume of trading for 285 million dirhams, while investors are waiting for the results of companies for the nine months of 2018, which we expect to have a good impact in giving more momentum to the market, The real estate sector, as announced by all the banks in the two markets for the results of its operations, which came distinct and positive
Personally, I think that 2018 will not end until a good news is announced that all investors have been waiting for years to establish a unified market for the UAE and also set up a secondary market for troubled companies that do not meet the requirements of the market which is an important decision under study that will enhance confidence and stimulate troubled companies and also protect and educate investors
In an extension of previous topics, our technical view was that the market was heavily oversized, especially after breaking the psychological level of 3,000 points and we are anticipating a technical movement that is returning above 3700 points and 4,000 points. To the situation of companies and problems in the market, but we must know that the situation is out of place, I think that forced and short selling operations have contributed to deepening the access to the current prices and I think these same reasons will be able to achieve the rise of the market may surprise everybody
