Market volatility shows a lot still needs doing | GulfNews.com:
"There was so much hype about the inclusion of the UAE and Qatar in the MSCI index for emerging markets that everyone started to feel fatigue much before the decision actually took effect. The extent of fund flows into these markets that their new categorisation would bring about was one of the key talking points.
In the din and excitement about the new prospects, some basic issues got pushed into the background. These are now coming home to roost.
The ignominy suffered by Arabtec in the post-MSCI period, in fact, brings out the pitfalls of a market getting the upgrade before it is ready for the elevation. Apart from the possible impact of a real estate market that is beginning to suffer from a variety of problems, including overheating, the company suffered its worst drubbing at the hands of investors, who also pounded down the overall market by a quarter of its value in the space of a few trading sessions."
'via Blog this'
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