MIDEAST STOCKS-Emaar Malls IPO may temporarily siphon more money from Dubai
Dubai's bourse may remain soft on Wednesday as retail investors temporarily take money from the market in order to participate in the initial public offer of Emaar Malls Group (EMG), while Saudi Arabia and Egypt look more positive.
Analysts see current prices as good entry point for Emaar
The current price level in Emaar Properties could act as an entry point for long-term investors, analysts said.
Dubai's Emaar may rise as investors seek priority in unit's IPO
Shares in Emaar Properties, may rise on Wednesday, the last trading day when buyers can gain the right to priority allotment in the initial public offer of Emaar's malls unit.