The Dubai Financial Market (DFM) index again closed in the negative territory yesterday as the global and regional market sentiments remained largely bearish on negative global economic growth sentiments.
However, the volume of shares traded on the market remain thin due to a lack of risk appetite among investors.
The global financial markets have all but wiped out the gains made in 2012 on fears of a disorderly sovereign debt default by Greece. As well, a slowing US economy and China’s growth momentum losing traction are also adding to concerns that the global economy would contract during the second half this year.
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