MIDEAST STOCKS-Markets to slow, some bargain-hunting may continue | Reuters:
"A recovery of Middle East stock markets looks set to lose steam on Wednesday though some bargain-hunting may continue because of a sense that markets have found at least short-term bottoms.
Tuesday's surge of Gulf bourses - Saudi Arabia rocketed 7.4 percent in its highest trading volume since May 2014, while Dubai jumped 4.6 percent - indicated valuations had dropped low enough for institutional investors to see reasonable value in the markets.
For this reason, selective buying in sectors such as Saudi banks and Dubai property firms may continue on Wednesday."
'via Blog this'
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