"Among market watchers, the annual “post-Ramadan bounce” in share prices is almost a given – even though history suggests that such a rally is more myth than reality.
The new regulations announced by the Emirates Securities and Commodities Authority yesterday were a response to depressed volumes and prices in recent months, but many investors were already expecting a jolt once markets re-opened after Eid.
“Usually you get a slight pop after Ramadan. People go in, feel good and volumes increase,” said Muneef Tarmoom, an Abu Dhabi investor, echoing the comments of many market players last week."
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