Traders eye third quarter results

Traders would also like to follow the third quarter results, which has been a traditionally weak three months to September, for direction, but analysts don’t expect much activity.

“Third quarter results should be able to get some movement stirred up however the situation with the real estate is not getting better at this time and the earnings will reflect that,” Kassabieh said.

Dubai Islamic Bank, Commercial Bank of Dubai and Deyaar Properties have published their results. Banks, telecom and real estate companies are expected to come out with their numbers in the next fortnight.