Dubai stocks are hardly a bargain, according to analysts | The National

Dubai stocks are hardly a bargain, according to analysts | The National:



"Dubai stocks are still not cheap, despite last month’s massive sell-down, say analysts.



While the rout brought the valuations of listed companies closer to regional peers, they are still far higher than emerging market averages.



“We’re at sensible prices, they’re not at a bargain,” said Saleem Khokhar, the head of equities at National Bank of Abu Dhabi. “You have to pick and choose now, whereas before you could buy across the board.”"



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