Retail Investors Still Dominate U.A.E. Stocks Trading – NBK Capital - Middle East Real Time - WSJ

Retail Investors Still Dominate U.A.E. Stocks Trading – NBK Capital - Middle East Real Time - WSJ:



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Average Daily Trading: DFM and ADX

 

NBK Capital

Global emerging markets have had a turbulent start to 2014 with investors adjusting to a world with less liquidity as the U.S. Federal Reserve cuts its easy-money program.



But cash isn’t a such a problem in Persian Gulf markets, where retail investors with deep pockets have happily pushed several local markets such as those in the U.A.E. — set to be elevated by index compiler MSCI to emerging, from frontier status, in May — to multiyear highs.



Kuwait-based investment bank NBK Capital says retail investors continue to dominate trading on both U.A.E. markets: Dubai and Abu Dhabi. The contribution of international investors to total trading on the Dubai Financial Market has generally been decreasing since the start of 2013, it said, while also noting that DFM valuations are now becoming richer than those of its GCC peers."



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