Dubai Stocks Poised to End Above Resistance Level: Inside EM - Bloomberg:
Dubai’s main stock index is poised to end above a resistance level that it has held for over a year, boosted by continued gains for the biggest listed real-estate developer.
The DFM General Index advanced for an eighth straight session, extending its longest winning streak in over a year. It was poised to finish above its 100-day moving average for the first time since early 2018.
The stock contributing the most to the gauge’s increase was Emaar Properties PJSC, a bellwether for the local real-estate market, which entered a bull market last week after delivering earnings that surprised analysts on the positive side. Emaar advanced for the seventh session, stretching its longest winning streak since July 2017.
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