Dubai: Overbought Stocks View Plays Out

October 2009
Emerging Markets Monitor;10/26/2009, Vol. 15 Issue 29, p19
Country Report
The article presents an outlook for the Dubai Financial Markets General Index (DFMGI) which has become overbought. The index's rise has halted and it ended trading down at 2,258 on October 21, 2009. The index's fall has been predicted on the basis of the Relative Strength Index (RSI). It is expected that the index could head towards a more attractive entry point, and room for growth is seen in 2010.


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