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.
-
Banking & Finance2 months agoBank Muscat posts net profit of RO137.49 million in H1 2026
-
Magazines2 weeks agoOER Magazine July Edition 2026
-
Highlights3 weeks agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Banking & Finance1 month agoOman Housing Bank launches digital waiting list for housing loans
-
News4 weeks agoMade by Google 2026: Top 10 Biggest Launches You Need to Know – From the New Pixel 11 to a Life-Saving AI Watch
-
Magazines2 weeks agoAl Mar’a Magazine July 2026
-
Alamaliktistaad Magazines2 weeks agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Oil & Gas2 months agoOman’s refinery production declines 6.8 percent to 89.91 million barrels in May 2026

You must be logged in to post a comment Login