How Dubai equity market can get its mojo back? | ZAWYA MENA Edition:
"Dubai index needs fresh positive triggers to attract volumes last seen in January, but there is plenty of news to be digested in the short term.
Traded value has been tumbling from a high of over Dh1 billion seen in January 2017, when the index was trading more than 3,700 levels. On Monday, the index traded much lower from January levels at 3,400 levels, with traded value nearly half of what it was then.
“It’s frustrating to see falling markets. When there is caution, volumes dry up. When there is optimism there is more traded value than expected,” Sanyalaksna Manibhandu, head of research, First Abu Dhabi Bank Securities told Gulf News."
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