Liquidity helps, but UAE stock markets have a long way to go | The National:
"Investors and brokers can now trade with greater ease on UAE bourses, as the country’s upgrade to MSCI Emerging Market status brings new capital to exchanges.
But despite the step forward, there is still a long way for the bourses to go before they start to behave like developed-market indexes.
Allocative and informational market inefficiencies will remain – with significant implications for fund managers.
A recent paper by the academics Imen Rejichi, Chaker Aloui and Duc Khuong Nguyen showed that stock exchanges in the Middle East were very far from satisfying the market efficiency hypothesis – in which prices reflect current information about a company’s fair value."
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