Stocks in the Gulf bucked the usual summer lull last year and rose in tandem with global markets. But analysts and investors say the prospects for a repeat this year are dim.
Global leaders are looking to preserve a fragile economic recovery and Gulf investors find little to cheer about in second-quarter company earnings.
“Let’s face it, it’s going to be slow,” said Yazaan Abdeen, a fund manager at ING Investments in Dubai. “Barring any earnings surprise, and we don’t think there are many in store, it will be slow trade."
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