DFM IPO to keep shares flat
United Arab Emirates: Saturday, November 11 - 2006 at 13:23
Stock market analysts believe that the UAE's stock markets will remain flat over the next two weeks as investors turn their attention to the Dubai Financial Market's IPO which opens tomorrow, Sunday, reported Gulf News. The most recent tumble on the DFM, which dropped 6% last week, has been triggered by heavy losses on the Saudi bourse over the past ten days and concern over Iran's nuclear policy.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, November 11 - 2006 at 13:23 UAE local time (GMT+4)
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This Article was updated on Thursday, November 16 - 2006
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