Market analysis: UAE exchanges should remain strong despite latest correction | The National:
"The UAE stock markets have had a sharp correction in the past few weeks, but could well bounce back in September or October, after a trading lull during Ramadan and the traditionally slow summer months of July and August.
The markets have rallied strongly since the beginning of 2013, making up ground following a five-year period of essentially treading water, while other markets around the world recovered from the global financial crisis.
One of the main drivers of this rally was MSCI’s decision to reclassify the UAE as an emerging market, an upgrade from frontier market, putting the Dubai and Abu Dhabi exchanges on a par with markets such as Brazil, Egypt, South Africa, China, India and South Korea."
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