DUBAI: Dubai Financial market ended the week at 3, 674, 40, down to 5 percent last week.The Dubai indices are expected to stabilise with a limited downside this week even as Saudi’s index rallied for most part of last week.
“Markets should stabilise in current levels. The market should see a strong support in between 3,500-4,000 levels. If we see continuation of stability in oil prices at $48 per barrel, we may see better sentiment and opportunities,” said Marwan Shurrab, fund manager and head of trading at Vision Investments & Holdings.
Crude oil held above $48 a barrel, as speculator buying on hopes for a price rebound offset data showing record-high US crude stocks.
