"Stock markets in the Persian Gulf are seen trading in ranges on Tuesday as investors eye fresh catalysts for direction, but activity is expected to slow as the weather turns hotter.
“Market volumes are expected to ease back from recent highs with the approach of summer months and Ramadan,” a fund manager at Abu Dhabi-based Invest AD said in a client note.
The U.A.E. remains in the spotlight as both the markets there have rallied sharply on the back of a re-rating of the country’s economy. Dubai’s benchmark is up some 50% this year and Abu Dhabi shares have added 36% in value."
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