Address

Precise Investors

Friday, December 3, 2021
Stocks & Shares

Dubai Stocks Trading at the Cheapest Since November Amid Oil Woes

Dubai stocks are trading at the cheapest level since November as the one-year forward price-to-earnings ratio for its main stock gauge falls near nine times.

Many blue-chip names in the U.A.E. are now trading at attractive levels compared to emerging markets, as foreign investors remain sceptical about whether oil prices will recover and lift area stocks, says Hootan Yazhari, Bank of America Merrill Lynch’s head of research for Middle East, North Africa and global frontier markets.

Important:

The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply