UAE Stock Market Outlook 2016

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Pages 38
table
Tables 31
Chart
Charts 12
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We were positive for UAE markets in our last year assessment. However, the sudden and persistent decline in oil prices did not spare optimism and both.....

Summary

We were positive for UAE markets in our last year assessment. However, the sudden and persistent decline in oil prices did not spare optimism and both markets ended up in red (Dubai lost 17% and Abu Dhabi lost 5%). The decline in index levels has made valuations attractive and our expectations for earnings growth remains positive for the year ahead. Despite the fundamental attractiveness of the UAE markets prevailing negative investor sentiments amid declining commodity prices, especially oil, could hold sway over the market performance in the short-term.

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UAE Stock Market Outlook 2016

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