Oct 30 2011 |
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MARKET TALK: Shuaa Cap Sees DFM Rally With Up To 16% Return In 2 Mos
Sunday, Oct 30, 2011
0650GMT [Zawya Dow Jones]--There's likely to be a material rally in the U.A.E. equity markets targeting a return potential of 13%-16% for the Dubai Financial Market index in the next two months, says Shuaa Capital in note Sunday. A number of indicators--including strong interest from foreign institutions, a pick-up in buying power, a European plan that should buy enough global comfort time till new year, signs of positive re-coupling among and between regional and global equity markets--point that way, it says. In addition, "lagging regional equities in a global risk-on environment" favors stocks, says Shuaa analyst Adel Merheb. (brinda.darasha@dowjones.com)
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
30-10-11 0652GMT
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