Tuesday 19 January 2010
Bank says UAE markets could rise by 25% this year
Stock markets in the Emirates could gain 25 per cent this year, helped by attractive valuations and faster earnings growth, a report from the UAE’s biggest investment bank says.
A successful resolution to Dubai World’s planned debt restructuring would also benefit local markets, Shuaa Capital said yesterday.
The bank said investors might have given too much weight to negative news related to the Dubai Government-owned conglomerate.
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