Monday 21 October 2013

Profile: NBAD Securities boss says 2014 could be Egypt’s year | The National

Profile: NBAD Securities boss says 2014 could be Egypt’s year | The National:

"What is the asset class and geography you are focused on?

Mainly equities, and to a lesser extents UAE listed bonds and sukuks. We’re focused mainly on the UAE and Egypt, and also the rest of the GCC markets.

What is the outlook for the month ahead?

The equity markets in the UAE will be anticipating the third-quarter results of publicly listed companies, which should start being announced after the Eid holidays, and we are at the end of October. With the current risks and uncertainties also from the US market, I believe we will be continuing to be in side way range consolidating close to the current index ranges. This is true provided geopolitical pressures from around us continue at their current levels and no unforeseen events take place during the month."

'via Blog this'

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