Tuesday 10 May 2011

Market braced for Tamweel return - The National

Shares in Tamweel are expected to fall by as much a third when it resumes trading today for the first time since 2008, analysts believe.

The mortgage provider majority owned by Dubai Islamic Bank, the country's biggest Islamic lender, said last week its stock would start trading on Dubai's stock market today after a hiatus of more than two years.

But market commentators expect the mortgage lender's share price to fall sharply at the open as investors dump their positions in the stock.

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