Saturday 21 May 2011

‘Speculative trading will continue to dominate Arab stock markets’ - Arab News

Arab stock markets, except the Egyptian bourse, lost ground last week as investors sought clues to the second quarter earnings and other market moving factors, financial analysts said Friday.

A spate of profit-taking moves and speculative trading put down pressure on prices across the Middle East, as political turmoil continued to leave its negative impact on regional markets, they added.

”I believe speculative trading will continue to dominate Arab markets in the coming few weeks until investors start to get information about the semi-Annual results,” an Amman-based portfolio manager told Arab News.

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