As the UAE markets maintain their upward momentum, many investors might be wondering whether the rally has legs and, more importantly, whether it's a good idea to invest right now considering that some stocks have already gained close to 30 per cent, not to mention a couple which have crossed 100 per cent.
Certain indicators indeed suggest a turnaround, which some observers are even terming a ‘bull run'. In a matter of six weeks the value traded on the Dubai Financial Market (DFM) has seen an incredible jump from Dh25 million a day to the current Dh700 million. The DFM index is up 24.3 per cent this year, the highest in the region, with Abu Dhabi gaining a modest 9.2 per cent.
The shift in global sentiment — which comes against a backdrop of positive data in the US and the avoidance of a Greek default in Europe — has undoubtedly improved sentiment regionally.
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