Shuaa Capital - Stock Markets to Rise 21 Per Cent in 2009

UAE Markets Seen Gaining 21% in 2009: Shuaa
Middle East North Africa Financial Network - Amman, Jordan
DUBAI - Stock markets in the United Arab Emirates, which fell as much as 72 per cent last year, are likely to rise 21 per cent in 2009 as confidence begins to recover in the second half of the year, Shuaa Capital said on Sunday. "Negative economic and corporate news flow will present a headwind for stocks throughout 2009, setting a grim mood, especially during the first half of the year," the Dubai-based investment bank said in a research note. ...