Dubai – Mubasher: United Arab Emirates stock markets are suffering from lack of catalysts in the current period, which gave speculators the chance to take control of the bourses, something that reflected negatively on liquidity, according to analysts.
Dubai Financial Market (DFM) closed the last week’s end in red, with a direct pressure by real estate shares, making the lowest liquidity in 2015.
Abu Dhabi Securities Exchange (ADX), also, came to a negative close on Thursday, driven by a fall in leading sectors, topped by real estate and energy.
Ehab Rashad, Chief Executive Officer of Mubasher Trade, suggested that the lack of catalysts during this time makes UAE stocks vulnerable to the fluctuating mood of speculators.
“The fall in the institutional investment appears clearly in the low liquidity levels,” Rashad explained.
Meanwhile, capital expert Wadah Al-Taha said that there are concerns among investors about the continuing decline in companies’ performance during this last quarter, coupled with fears from another fall in oil prices.
