Economy
Dubai Stocks Nearing Valuation Low of Early 2016 Oil-Price Slump
The valuation for Dubai’s main stock index, the world’s worst performer in 2018, is about to sink beneath a level last seen when oil prices collapsed three years ago.
The average estimated price to earnings in the next 12 months for members of the main index has fallen nearly 20 percent this year and is set to sag below a multiple of 7. That figure was last breached in January 2016, when Brent crude traded at less than $30 a barrel, dragging the Dubai market valuation to the lowest in four years at that time. Real estate stocks have pressured the gauge the most this year.
The negative sentiment has spread throughout the market. Among the 37 members of the DFM General Index, only six are set to finish 2018 with a higher stock price. That’s the fewest gainers for a full year since 2011.
-
Uncategorized2 months ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
OER Magazines1 month ago
Signature, October 24
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, October 24
-
Commodities2 months ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Magazines4 weeks ago
OER, October 24
-
Oil & Gas2 months ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Lifestyle2 months ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season
-
Oman1 week ago
Shell Oman Partners with Oneroad Automotive Gives Away 2 Forthing Cars as Part of its ‘Win Big’ Campaign
You must be logged in to post a comment Login