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Sunday, 18 December 2011

gulfnews : Region's stock markets expected to see lower trading activity

The region's stock markets are expected to see lower trading activity this week amid strong potential for portfolio re-allocation and lower foreign fund flows with Christmas approaching, say experts.
"The new unrest in Egypt and the recent drop in oil prices may put some downward pressure on the regional markets," Anastasios Dalgiannakis, Head of Trading at Dubai-based Mubasher Financial Services, told Gulf News.
‘Generally, [trading] activity should remain muted as we approach year-end. Markets in Dubai and Abu Dhabi are expected to remain flat after last week's sell-off in Dubai," he added. Regional markets will be range-bound during the week, said another market participant, who didn't want to be identified.