UAE bank profit rises just do not justify the huge hikes in share prices this year « ArabianMoney

UAE bank profit rises just do not justify the huge hikes in share prices this year « ArabianMoney:

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The bellwether National Bank of Abu Dhabi posted its third quarter results yesterday with a below expectations 15 per cent fall in profits to $282 million. In the first nine months of the year NBAD increased its total profit by 14 per cent to almost $1 billion. But its share price is up by 40 per cent this year.

Do the profit increases now coming in at UAE banks actually justify the huge hikes in their share prices that we have seen on the Dubai Financial Market and Abu Dhabi Securities Exchange?"

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