Tuesday 1 May 2012

Foreign investment in UAE equities still subdued - The National

Many of the trading booths on the floor of the Abu Dhabi Securities Exchange stood empty with the lights turned off yesterday, still bearing the names of companies that shut down last year.

More than half the brokerages in the country have closed in the past two years, as foreign investors fled with the onset of the global financial crisis.

"We are all living in hope that foreigners will come back with heavy buying like in the past," said Tamer Ali, a broker at Al Wathba Shares & Bonds Centre, as he awaited calls from clients.

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