Many UAE and Qatar stocks in ‘overpriced territory’ as they join MSCI index | The National

Many UAE and Qatar stocks in ‘overpriced territory’ as they join MSCI index | The National:



"As the UAE and Qatar join the MSCI Emerging Market Index on Sunday, a developing world stock guru is warning that many of their equities have gone into “overpriced territory”.



That is after a spectacular run for the Arabian Gulf states’ stock benchmark indexes in the past year and a half.



While Mark Mobius, who manages US$50 billion in emerging market stocks at the fund manager Franklin Templeton, continues to see potential in the UAE and Qatar in the long run as the countries’ economies recover, he sees better buying opportunities at the moment elsewhere including Russia and Thailand, where recent political upheavals have battered stock prices."



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