UAE stockmarkets are heading into the summer doldrums with a vengeance and are now almost back to the levels of last summer. Even the promise of oil at $130 as soon as next year from the top forecasters at Goldman Sachs could not raise prices yesterday.
That is a bit too far out for the average local investor whose buy-an-hold strategy seldom gets past lunchtime. Besides they are all having a bad run of luck.
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