Mideast funds more positive on UAE equities than at any time since January 2017 | ZAWYA MENA Edition:
"Middle East fund managers have turned very positive on equities in the United Arab Emirates and are now more bullish on that market than Saudi Arabia for the first time in eight months, a monthly Reuters poll showed on Thursday. UAE bourses have fared poorly this year, especially Dubai, where the stock index has tumbled 13.7 percent. They have been hurt by slumping real estate prices and an outflow of funds to Saudi Arabia, where investors are eagerly anticipating Riyadh's entry into emerging market indexes next year. Reuters' latest poll of 13 leading regional fund managers, conducted over the past week, suggests that trend may soon change, however."
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