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Sunday, 22 January 2017

Saudi stock market rally may not be sustainable in 2017 | GulfNews.com

Saudi stock market rally may not be sustainable in 2017 | GulfNews.com:

"The rally in Saudi Arabia’s Tadawul index, which gained 31 per cent last year, is not sustainable, according to National Bank of Abu Dhabi (NBAD). Saudi market is currently trading at a 17 times price to earnings multiple, which is at premium to MSCI emerging market multiple of 15.1 times and also at higher end of its historical average, the bank said in its yearly investment outlook, released Sunday. “We think the current, across the board market rally might not be sustainable in 2017 given the high valuations,” NBAD stated."



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