Shuaa records rise in UAE investor confidence

30/06/2009 - Dubai Investment News
Shuaa records rise in UAE investor confidence

Financial services firm Shuaa Capital has announced that there was a sharp uptick in the UAE Investor Confidence Index in June.

The only investor sentiment index of its kind in the UAE, Shuaa's benchmark rose from 107 to 123.8 points over the course of the month, outstripping the upward trend seen in the broader GCC Investor Confidence Index, which rose 14.1 points in June.

Oliver Schutzmann, chief communications officer of Shuaa Capital and author of the Investor Sentiment Report, said that the results showed a "massive improvement" in perceptions of the strength of the UAE market.

"The investor opinion on the UAE economy has improved considerably with only 12.4 per cent of all investors holding a negative view on current economic conditions," he said, adding that the six-month outlook had also brightened considerably.

At the end of last month, Shuaa reported that it had witnessed a surge in interest in Gulf markets at the GCC Investor Conference in London.ADNFCR-2019-ID-19243442-ADNFCR