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.
-
Economy2 weeks agoNumber of Workers in GCC Countries Increase From 2021 to 2025
-
OER Magazines3 weeks agoDossier Oman: Banking, Finance & Insurance Special Edition
-
Banking & Finance2 months agoSohar International Contributes OMR100,000 to Support Those Affected by Al Masarrat Weather Conditions
-
OER Magazines2 months agoOER, March 26
-
Oman1 week agoREVIEW: WHOOP and the Rise of Performance Luxury
-
News2 months agoReal Estate Price Index in Oman Grows By 13.9%
-
Economy1 month agoOPINION: War, Climate, and the Costs We Choose Not to See
-
News1 month agoHussain Al Maimani Joins MHD Infotech as Senior General Manager

You must be logged in to post a comment Login