Dubai-Mubasher: The UAE capital markets are forecasted to continue their sideway trend with a bearish bias in the coming period, amid lack of catalysts and anticipation for global developments, analysts told Mubasher.
DFM and ADX ended November’s last session in the green zone.
Etisalat stock has completely changed the course of the market on 30 December, following the inclusion of its stock in MSCI Emerging Markets Index, said capital market analyst Waddah Al-Taha.
The analyst added that it would be hard to see the same amount on transactions on Etisalat’s stock in the coming period.
