Most photoshop blend-modes are based upon the Porter-Duff blendmodes.
These requires that all your images (textures, renderbuffer) are in premultiplied color-space. This is usually done by multiplying all pixel-values with the alpha-value before storing them in a texture. E.g. a full transparent pixel will look like black in non-premultiplied color space. If you're unfamiliar with this color-space spend an hour or two reading about it on the web. It's a neat and good concept and required for photoshop-like compositions.
Anyway - once you have your images in that format you can enable SCREEN using:
glBlendFunc(GL_ONE, GL_ONE_MINUS_SRC_COLOR)
The full MULTIPLY mode is not possible with the OpenGL|ES pipeline. If you only work with full opaque pixels you can fake it using:
glBlendFunc(GL_ZERO, GL_SRC_COLOR)
The results for transparent pixels either in your texture and your framebuffer will be wrong though.