Monday, 24 December 2018

#UAE traders weigh to take pain in short-term for a long-term gain

UAE traders weigh to take pain in short-term for a long-term gain:

UAE traders in stock markets, who may be sitting on losses, are in two minds whether to book losses and sit on cash or wait for a longer term for future gains.

Analysts feel there might be more pain in the short-term because of weak fundamentals of real estate and banking stocks.

“There is a fear in the minds of people, whether the stocks will go lower from here, and how much of downside it has, and how much they can withstand to avoid any margin calls,” said an analyst who did not wish to be named.

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