Hot money is returning to the local bourses.
Foreign investors bought Dh439 million worth of shares on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) since the start of the year, market data shows. The figure is a marked increase from last year's Dh5.5m for January, and comprises 30 per cent of total shares purchased by foreign investors for all of last year.
"It's all about positive uncertainty rather than negative uncertainty," said Mohammed Ali Yasin, the managing director at National Bank of Abu Dhabi's brokerage.
Uncertainty excites foreign investors in UAE markets - The National
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