By: Mahmoud Gamal
Dubai – Mubasher: The UAE stock markets succeeded to exit the volatile performance that has lasted in the past period because of the federal bankruptcy law recently approved by the UAE cabinet as well as the announcement of launching Cityscape Global, analysts told Mubasher.
The real estate showroom will kick off on Tuesday in Dubai, offering new deals and projects.
New investors were attracted to medium and penny stocks after new economic laws were stated by the cabinet as well as the announcement of new mega projects, capital market analyst Muhammad Al-Hoseny said.
He added that the stock exchanges are witnessing the return of liquidity at good levels in line with the end of summer break. The analyst expected turnover to be enhanced after Eid AL-Adha holiday.
The bankruptcy law will reflect positively on small and medium companies and ease financial pressures on them, as well as boosting the UAE markets’ liquidity, capital market analyst Waleed Khattab told Mubasher via email.
He clarified that this step affected Shuaa Capital stock on Monday by surging 15%.
Translated by: Ingy ElSafy
