Stock markets in the United Arab Emirates need additional liquidity from government funds to counter slumping volumes and muted investor activity, the chief executive of Dubai-based Daman Investments said. 'I think there should be a program for creating sustained activity including pension funds and government funds,' Shehab Gargash told reporters on the sidelines of a conference late on Monday.
'If you have the ability to prompt the market, use it because your market is a very easy and quick reflection of the health of the economy.'
UAE markets, which include the two domestic bourses, Dubai Financial Market DFM.DU (DFM) and Abu Dhabi Securities Exchange are the worst-performing among Gulf peers so far this year with lack of institutional participation hurting liquidity."
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