What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
United Arab Emirates equities inch down
On Wednesday, United Arab Emirates equities headed south after the close because losses in the Consumer Staples, Real Estate & Construction as well as Services sectors suppressed stocks.
The DFM General went down 1.89% in Dubai reaching a fresh 3-months minimum. Meanwhile, the ADX General index sagged 1.14%.
On the DFM General the best performance was demonstrated by such benchmarks as Emirates NBD PJSC, National Cement Company P.S.C. and Dubai Investments PJSC. They rose respectively 2.20%, 0.00% and 0.00%.
As for losers, they were represented by National Central Cooling Co., DXB Entertainments and SHUAA Capital PSC. They declined 6.37%, 5.58% and 5.50% respectively.
Sagging stocks outperformed rallying equities on the Dubai Stock Exchange by 31 to 2, while 3 were intact.
The currency pair USD/AED went down 0.01% being worth 3.6728, EUR/AED jumped 0.10% trading at 4.2603.
The US Dollar Index Futures headed south 0.09% showing an outcome of 94.72.
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