After the results, we look next to the annual general meetings (AGMs). By March, executives start talking about expectations for the first quarter, and that's important in dictating the movement of the market for rest of the year, analysts feel. Then comes the dividends distribution period.
"Those [dividends] are going to be important, and in fact likely to be redirecting some liquidity from speculative stocks towards cash dividend distribution stocks," Mohammad Ali Yasin, chief executive of Shuaa Securities said.
"Those historically have been companies such as etisalat and some of the major banks and insurance companies. You will see some moves towards those stocks and out of some speculative stocks such as the Arabtecs, Emaars and Aldars, whose distribution is very low and almost none in some cases."
