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Friday, 20 January 2017

Swing to small cap stocks on UAE bourses, for now | GulfNews.com

Swing to small cap stocks on UAE bourses, for now | GulfNews.com:

"Investors will have to learn to play to swings of small cap stocks in the UAE stock markets, before blue chip shares stage a comeback again. The smaller stocks like Gulf Finance House, Shuaa Capital, Gulf Navigation, HITS Telecom and Union Properties listed on the Dubai Financial Market have gained 167 per cent on an average in 2016, compared to a 12 per cent gains on Dubai index. “If we were to take a 30,000 feet view of our recent market performance, it is apparent that both the Dubai and Abu Dhabi index to a less extent, have undergone bouts of sentiment-swings led by the small caps,” said Farid Samji, head of asset management with Daman Investments."



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