September-December could be critical for UAE stocks | GulfNews.com:
"After a spectacular recovery on UAE indices since mid-January, fund managers are unsure of the continuity in performance as investors brace for April 17 meeting between and Opec and non-Opec producers and late April meeting of the US Federal Reserve,
The Dubai Financial Market General index has gained 28 per cent since January 20, and total volumes traded were at Dh57 billion, 50 per cent of which were registered in March alone as investors betted on dividend-yielding stocks and etisalat, among other stocks. But in the past few sessions, volumes have again been falling, a trend that fund managers expect to continue in coming months until September this year.
“What we see in the market now is substantially decreasing liquidity for the past few sessions. Most of the stocks are trading ex-div, so that is the reason we are seeing such a massive slowdown. Most of the investors are on the sidelines, trying to avoid aggressive investment decisions as we are close to announcement of first quarter results,” Mohammad Ali Yasin, managing director at NBAD Securities, told Gulf News."
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