"Initial public offerings (IPOs), which have recently slowed down due to unstable political conditions and volatile global equity markets, are expected to decline further in the next several weeks owing to the lull during Ramadan, experts told Gulf News.
The holiest month of the Islamic calendar, which this year kicked off on July 10, is traditionally a sleepy period for businesses in the Muslim world.
The regional stock exchanges typically see trading volumes decline as work hours are reduced and both investors and companies hold off any major decisions until after the month of fasting is over. And with Ramadan now falling smack bang in the middle of summer, companies are even more hesitant to make a new offer to sell their shares publicly."
'via Blog this'
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