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Saturday, 9 May 2015
Dubai index seen falling further; MSCI re-weighting eyed | GulfNews.com
Dubai index seen falling further; MSCI re-weighting eyed | GulfNews.com:
"The Dubai index may extend losses this week on continued profit-taking even as investors eyed the MSCI re-weighting slated later in the week.
On Thursday, the Dubai Financial Market General Index ended 0.27 per cent lower at 4,103.49, after gaining more than 1 per cent in the previous session.
“We may see some weakness on the back of negative leads from the international space,” said Saleem Khokhar, head of equities at National Bank of Abu Dhabi’s asset management group."
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"The Dubai index may extend losses this week on continued profit-taking even as investors eyed the MSCI re-weighting slated later in the week.
On Thursday, the Dubai Financial Market General Index ended 0.27 per cent lower at 4,103.49, after gaining more than 1 per cent in the previous session.
“We may see some weakness on the back of negative leads from the international space,” said Saleem Khokhar, head of equities at National Bank of Abu Dhabi’s asset management group."
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