“Morgan Stanley” expects the UAE shares to rise – Emirates Breaking News

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The American bank, Morgan Stanley, expects that stocks in emerging markets around the world, led by the UAE, will witness further rise in the coming period, in light of the current prevailing trend of strong growth in the value of profits made by shares in these markets.

The American bank, Morgan Stanley, expects that stocks in emerging markets around the world, led by the UAE, will witness further rise in the coming period, in light of the current prevailing trend of strong growth in the value of profits made by shares in these markets.

He explained in a note issued yesterday and published by “Bloomberg” that the desire of global investors to take advantage of this trend will push them to invest more in emerging market shares, which justifies expectations of further increases in the prices of these shares during the coming period. Morgan Stanley stated that the majority of emerging markets whose share prices are expected to rise are located in the Middle East, Africa and Eastern Europe. He added that most of the shares expected to rise in prices among emerging market shares during the coming period include Emirates NBD in the UAE and shares of “Sberbank”, “Lukoil” for oil and natural gas, and “Novolibetsk Steel” for steel production in Russia.

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