Rasmala Investment Bank and Muhammad Shabbir

Foreign investors: It very hard for local investors to find energy to invest, according to Business Week. Dubai DFM General Index declined 0.4 per cent to the lowest since June 9 at 11:05 a.m. local time, while Abu Dhabi ADX General Index advanced 0.3 per cent. Foreign investors are absent and local investors are either out of the country or taking it easy, said Muhammad Shabbir, the head of equities at Rasmala Investment Bank. It poised to close with a move of less than 1 per cent for a 16th day. Trading in United Arab Emirates equities had already slowed before Ramadan start on Thursday in the absence of any catalysts to move shares. Seventeen out of 35 stocks on Dubai index were unchanged, the most on a closing basis since August, while 48 companies were unchanged on Abu Dhabi gauge, the most since 12 March. (news.financializer.com). As reported in the news.