UAE stock markets overvalued? (Blog)

Are the U.A.E.’s stock markets (ADX and DFM) still overvalued?

By the end of last week’s trading, the market capitalisation of both stock exchanges was 450.3 billion dirhams (122.5 billion dollars).

GNP (Gross National Product) is usually higher than GDP (Gross Domestic Product) and includes capital gains and losses and interest earned outside the country, so let’s compare the size of the stock markets to U.A.E. GNP.