Dubai stocks back in red, snap two-day gaining streak | GulfNews.com

Dubai stocks back in red, snap two-day gaining streak | GulfNews.com:

"Dubai stocks again ended in the negative zone, snapping a two day gaining streak amid mixed performance by blue chips and other mid-caps. Saudi’s Tadawul index, however, bucked the weak regional trend on higher oil.

The Dubai Financial Market General Index closed 0.28 per cent lower at 3,180.77.

“The index may hit a level of 3,069 during this quarter. The index may fall below 3,000 levels in the first quarter of next year,” said Osama Al Ashri, member of British organisation, Society of Technical Analysts."



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