GCC stock valuations more attractive than frontier, emerging markets
The Gulf Cooperation Council (GCC) stock markets offer very attractive valuations and their valuations are lower than similar frontier and emerging markets, said a Global Investment House report.
UAE stocks end the week in negative territory
Dubai’s stock index jumped more than one per cent on Thursday as investors shrugged off concerns arising out of the tension a day earlier, when UAE, along with Saudi Arabia and Bahrain had recalled their envoys from Qatar.
Dubai drops, Abu Dhabi gains
UAE stocks finished in opposite directions on Wednesday amid early jitters after three of the Gulf allies, including the UAE, recalled their envoy from Qatar after accusing the latter of meddling in the internal affairs of their countries, threatening stability. Saudi Arabia and Bahrain were the other two allies who pulled out their envoys. Qatar decided not to recall its ambassadors from the three countries.