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UAE equities still have substantial upside potential argues veteran broker Mohammed Yasin, MD of ADFS

Posted on 23 January 2013 with no comments from readers

UAE equities can still be bought at a substantial discount to many global stock markets and the rally could have further to go after stocks in Dubai gained 20 per cent last year and are already up another 10 per cent so far this year, 14-year market veteran Mohammed Ali Yasin, managing director of Abu Dhabi Financial Services, the brokerage arm of the National Bank of Abu Dhabi told ArabianMoney editor and publisher Peter Cooper yesterday.

Off camera he added that many old customers were now coming back and preparing to put money into the market again, and he attributed the recent price surge in Emaar Properties mainly to significant foreign buying. Foreign buyers can set up accounts with ADFS and place orders without visiting the UAE. But such ‘new liquidity’ is needed to break the market out of its three-year trading range…

Posted on 23 January 2013 Categories: GCC Stock Markets, Investment Gurus, Video Channel

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