Monday, March 28, 2005

IPO fever in UAE - Khaleej Times: " But share analysts are cautious about the schedule of the openings of these IPOs. 'There should be enough intervals in their flotations, and the Ministry of Economy, Securities and Exchange Commission (SCA) and the stock exchanges should devise a policy on it,' said Mohammed Ali Yasin, a share analyst. Otherwise, he warned: 'It can negatively impact the market because IPOs are likely to overlap and since many of these are multi-billion-dirham issues, they can cause serious liquidity problems'. Mohammed Ali Yasin feared that the IPO of Arabian Logistics Company could be the one reason for the current sluggishness in the stock index as it has sucked liquidity from the market, resulting in selling pressure during the last three trading days. "

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