Sunday 4 September 2011

Business : UAE bourses set to resume upward trend

Gulf stock markets are expected to resume upward trend today after a long Eid Al Fitr holidays.

The trading activity is expected to gain momentum this week as investors may give up their cautious approach towards the equities.

The market analysts said the 
regional equities are likely to track the recent positive trends of global markets. They said investors would be closely watching the US President Labour Day speech on Monday and two-day Fed meeting on September 20-21 before taking fresh positions.

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