The UAE should merge its three stock exchanges to boost trading volumes and improve visibility for foreign investors, a survey of investment professionals said Monday.
Ninety-three percent of nearly 200 professionals from CFA charters in nine Middle Eastern countries said a single UAE bourse would improve liquidity levels, the poll found.
The UAE’s three exchanges have been dogged by low liquidity and declining turnover in recent years. The country’s first IPO in two years was completed in March.
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