Dubai, Abu Dhabi shares rise

The DFM index’s resistance level of 1,800 was broken in yesterday’s trading with the index closing for the day at 1,819.01, a level not seen in recent years. With the uptrend on the market set to continue and more bullish signals emerging from the global financial markets, the market may well test the 1,850 level, as early as this week. Analysts say, the DFM index has the potential to could go as high as 2,200-2,400 in the medium term.

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