Friday 4 September 2015

Outlook remains bearish for Abu Dhabi, Dubai indices | GulfNews.com

Outlook remains bearish for Abu Dhabi, Dubai indices | GulfNews.com:



"The Dubai index, which ended 1.5 per cent on Thursday, may continue to witness weakness due to continuing uncertainty in global markets and oil.



The Dubai Financial Market General Index closed 1.61 per cent higher at 3,570.37, while the Abu Dhabi Securities Exchange General Index closed 0.60 per cent higher at 4,378.14.



“There is a lot of nevoursness in the air, and all depends on China, US rates and oil,” said Saleem Khokhar, head of equities at National Bank of Abu Dhabi’s asset management group."



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