Summary
Regional cash market had a flattish closing, however it (+0.25%) still outperformed the EM (-0.28%). In regional market, Conventional marginally outperformed Sukuk (+0.22%)
Market breadth was positive in the cash with gainer loser ratio of 7:3
Dubai space was the major winner on back of award of EXPO 2020. Dubai Sovereign, MAF and Dubai Holding led the charts. In terms of losers, IPIC saw spread widening across the curve
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