Monday 21 July 2014

Dubai stock market crashes 6% making a double top « ArabianMoney

Dubai stock market crashes 6% making a double top « ArabianMoney:



"The Dubai Financial Market failed to hold onto its recent rebound and fell by six per cent, the most in years, confirming the double top that we forecast on this website a week ago (click here).



The immediate cause was the lifting of the suspension of trading in Arabtec shares despite no real news on the ownership issues surrounding its major shareholdings. It’s arguable that the suspension was lifted too soon."



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