Sunday, 29 November 2015

Best Abu Dhabi Stock Rally Sputters as Etisalat Readies for MSCI - Bloomberg Business

Best Abu Dhabi Stock Rally Sputters as Etisalat Readies for MSCI - Bloomberg Business:

"Abu Dhabi’s best-performing stock in 2015 is showing signs of fatigue, just as it prepares to join MSCI Inc.’s emerging-market index.
Emirates Telecommunications Group Co. has declined for four days, its longest losing streak since Aug. 11, paring its advance this year to 51 percent. The shares had climbed to the highest valuation in about eight years based on future earnings -- now they’re trading below their 50-day moving average for the first time in more than two months."



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