Analysts: UAE equities to decline despite Fed hike | GulfNews.com:
"The latest announcement from the US Federal Reserve about hiking interest rates for the first time in nine years may very well be great news for the US, as it signals faith that the economy has overcome the 2008 financial crisis.
However, in the UAE, analysts shrugged off the impact of the announcement on the country’s equity markets, saying that investor sentiment and overall trade was still very much tied to two main factors: oil prices and geopolitical tension.
Mohammad Yasin, managing director of the National Bank of Abu Dhabi’s Securities, said that the surge seen in the GCC markets on Thursday was merely a “relief rally” after the sell-off last week."
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