It’s that time of year again. Every year financial journalists dust off the old canard : ‘Sell in May and go away!’ The statistically inclined can rustle up a case for and against. Some try to argue that ‘it’s different this time’, another stock markert cliche.
The argument propounded by brokers in Gulf News today revolved around hopes that the UAE bourse may join the MSCI emerging markets index in June, thereby forcing foreign fund managers to buy the blue chips.
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