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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Precise Investors. The information provided on Precise Investors is intended for informational purposes only. Precise Investors is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.
