Sunday 26 December 2010

Traders in UAE take cover as West goes quiet - The National

End-of-year tactics will dictate the movement of the markets this week as traders either play safe and close positions or buy into heavyweight stocks, analysts say.

As investors around the world take a break for Christmas and New Year, liquidity in the UAE is likely to be minimal as limited quantities of international money will flow into the already underperforming equity market.

"No one will be concentrating on the markets," said Alfred Fayek, the head of MENA equity sales at EFG-Hermes.

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