Tuesday 14 February 2012

UAE stocks at last catch the final leg of the global equity rally as it turns back down « ArabianMoney

A UAE stock market investor’s lot is not a happy one. The Dubai Financial Market hit a seven-year bottom in mid January and for the past few weeks seemed to have finally caught the upturn that has sent global equities higher since March 2009.

But the timing was not good. The global stock market rally is on its last legs, feelng tired and could be about to drop off a cliff again. It is a shame because UAE companies have some good news to report and it is not all reflected in their stock prices.

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