The Dubai Financial Market Company is expected to report weak earnings this quarter unless volumes pick up this month, analysts say.
"I think the second quarter will be bad," said Mahdi Mattar, the head of research at CAPM Investment, an investment banking company based in Abu Dhabi. "Given that volumes haven't picked up, I am not expecting a change in core earnings," Mr Mattar said.
The stock exchange said the value of shares traded last month fell 29.6 per cent to Dh3.5 billion, compared with Dh4.9bn in April.
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