Steep Decline Makes UAE Market ‘Valuations Attractive’
September 17th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »
Dubai — The steep decline on UAE bourses, which resulted in total losses of Dh162.3 billion so far this year to investors, has brought valuations of many companies to attractive levels, analysts at Global Investment House said.
“UAE markets, which turned negative with a loss of 23.5 per cent this year as of September 16, currently trade at a P/E (price/earnings) multiple of 10.65 times, which makes it attractive and provides a good opportunity for investors to invest in selective stocks,” they said in a report.
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