ICAP Holding Tight

New entry in Abu Dhabi Securities Exchange is Investcorp Captial. It opened at 2.30 and its been hanging around the same price level which is good looks like its just establishing support for now. Good chances it can break higher from current levels. But at the same time lets not forget Dubai Taxi Company IPO will be starting from tomorrow and its a huge IPO so we may see liquidity crunch in the market for some days. For now i think icap can make slow and steady moves to the upside.

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