Equity brokers are reining in hopes of bigger trading volumes in the new year amid a slow return of investor appetite for riskier asset classes.
A traditional end of year rally - which usually takes place in the last two months of the year - failed to materialise this year. During this period, investors typically buy up stocks to improve funds at the end of the year, a practice known as "window dressing".
"I was hoping for an end of year rally, but it may just be the last two days for the end of the year," said Nabil Farhat, a partner at Al Fajer Securities in Abu Dhabi.
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