(MENAFN) The market capitalization of foreign shares traded on UAE stock markets amounted to Dh101 billion by the end of 2017, according to official statistics which displayed that non-Arab foreigners held the largest advances after their market value increased by around Dh3.6 billion by the end of December.
The last month of 2017 saw fixed profit booking by Arab and Gulf investors in particular while other nationalities preferred to keep their shares despite the price hike, reported Emirates news agency Wam.
Analysts predicted a rebound for foreign shares during 2018 as confirmed by the rally recorded on the first week of the New Year among prevailing upbeat sentiments
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